FAQs
Donald B Linsky & Associates PA
What is estate planning?
Estate planning is a process where you arrange your financial and legal affairs to ensure your assets are distributed according to your wishes after death or incapacitation. At Donald B. Linsky & Associates, P.A., we assist in creating wills, trusts, powers of attorney, and healthcare directives to safeguard your future and your family's interests. We invite you to contact us to arrange a consultation at one of our two convenient office locations.Why do I need an estate plan?
An estate plan is essential for protecting your assets, minimizing taxes, providing for your loved ones, avoiding probate, and ensuring proper management of your affairs if you become incapacitated. Our team at Donald B. Linsky & Associates, P.A. can walk you through each step to develop a plan tailored to your specific needs and objectives. We encourage you to reach out to us at either of our offices to start your estate planning process.When should I create or update my estate plan?
It's advisable to create an estate plan as soon as you acquire assets or have dependents. You should update your plan after significant life events such as marriage, divorce, the birth of a child, or when there are substantial changes in financial or tax laws. For professional guidance on creating or updating your estate plan, we recommend contacting Donald B. Linsky & Associates, P.A. and scheduling an appointment at one of our two locations.What is the difference between a will and a trust?
A will is a document that specifies how your property will be distributed after your death and may designate guardians for minor children. A trust, on the other hand, manages your assets for beneficiaries during your lifetime and after your passing, often helping to avoid probate. Our team at Donald B. Linsky & Associates, P.A. can assist in determining which option is most suitable for your situation. We invite you to contact us to discuss creating or updating your will or trust.Do I need both a will and a trust?
In many instances, having both a will and a trust is beneficial. A revocable living trust can help with asset management and probate avoidance, while a pour-over will ensures that any assets not included in your trust are properly handled. We recommend scheduling a consultation with Donald B. Linsky & Associates, P.A. to discuss the most appropriate combination for your estate plan.What happens if I die without a will?
If you pass away without a will in Florida, the state's intestacy laws will determine who inherits your property, which may not align with your personal wishes. Our team at Donald B. Linsky & Associates, P.A. can assist you in creating a will that ensures your estate is distributed according to your intentions. We encourage you to contact one of our offices to begin this important process.What is a power of attorney?
A power of attorney is a legal document that allows you to designate someone to manage your financial and legal matters if you become incapacitated. Our attorneys at Donald B. Linsky & Associates, P.A. will ensure your power of attorney document is properly drafted to protect your interests. We invite you to contact us to prepare this crucial document.What is an advance healthcare directive or living will?
An advance healthcare directive or living will is a document that allows you to express your medical preferences and designate someone to make healthcare decisions on your behalf if you're unable to do so. At Donald B. Linsky & Associates, P.A., we can guide you through this process with empathy and clarity. We encourage you to contact us to learn more about creating your healthcare directives.Will my estate have to pay taxes?
The tax liability of your estate depends on its size and current tax laws. While most estates fall below federal tax thresholds, state laws may still apply. At Donald B. Linsky & Associates, P.A., we can help you plan strategically to minimize taxes and preserve your legacy. We recommend contacting our office to discuss the specific tax considerations for your estate.What is probate?
Probate is the legal process that validates a will, settles debts, and distributes assets. At Donald B. Linsky & Associates, P.A., we assist clients in navigating the probate process efficiently or avoiding it altogether through effective estate planning. We invite you to contact us at either of our locations for assistance with probate or trust administration.
Can I include my business in my estate plan?
Yes. Business succession planning ensures your business transitions smoothly and retains its value. Donald B Linsky & Associates, PA, can create a plan that protects your company and your heirs. Call or visit us to discuss business succession planning today.
How can I provide for a loved one with special needs?
A special needs trust allows you to provide financial support without affecting eligibility for government benefits. The attorneys at Donald B Linsky & Associates, PA, have extensive experience preparing these trusts to protect your loved one’s future. Schedule an appointment at one of our offices to learn more about special needs planning.
What should I bring to my first meeting with an estate planning attorney?
Bring a list of assets and debts, family and beneficiary details, any existing estate documents, and your personal goals. Donald B Linsky & Associates, PA, will use this information to tailor a plan that fits your needs. Contact our office to schedule your first meeting today.
How much does estate planning cost?
Costs depend on the complexity of your estate. Donald B. Linsky & Associates, P.A. offers transparent pricing and consultations to determine the best approach for your circumstances.
Call or visit our office to discuss fees and schedule a consultation.
How often should I review my estate plan?
We recommend reviewing your estate plan every three to five years or after any major life event. Donald B Linsky & Associates, PA will help ensure your documents remain current and effective. Schedule a review at either of our two locations today.
What should my family do after I pass away?
Your family should contact Donald B Linsky & Associates, PA to begin the estate administration or trust settlement process. Our team provides guidance in filing paperwork, notifying creditors, and distributing assets. Call or visit our office for immediate assistance.
What happens if someone contests my will or trust?
If a dispute arises, having a professionally prepared estate plan greatly reduces the chance of a successful contest. Donald B Linsky & Associates, PA will represent your interests and protect your wishes. Contact our firm today to discuss how we can safeguard your estate plan.
