Law FirmWills & Probate LawElder Law AttorneyEstate Planning AttorneyTrusts & Estates AttorneysTrusts & Wills Attorney
Donald B. Linsky & Associates, PA provides advance directives, asset protection planning, deed preparation, domestic partnership, estate-tax planning, and other legal services to the Hillsborough, FL area.
Frequently Asked Questions About Donald B Linsky & Associates PA
What is estate planning?
Estate planning involves arranging your financial and legal affairs to ensure your assets are distributed according to your wishes after death or incapacity. Our firm, Donald B. Linsky & Associates, P.A., assists clients in creating wills, trusts, powers of attorney, and healthcare directives to safeguard their future and their loved ones. We invite you to contact us to schedule a consultation at one of our two convenient 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 your affairs are managed if you become incapacitated. Our team at Donald B. Linsky & Associates, P.A. can assist you in creating a plan tailored to your specific goals. We encourage you to reach out to us at either of our offices to begin the 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 following significant life events such as marriage, divorce, the birth of a child, or substantial changes in financial or tax laws. For professional guidance, we recommend contacting Donald B. Linsky & Associates, P.A. to schedule an appointment at one of our two locations.
What is the difference between a will and a trust?
A will 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 death, potentially helping to avoid probate. Our attorneys at Donald B. Linsky & Associates, P.A. can help determine which option is most suitable for your needs. 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 aid in 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, Florida's intestacy laws will determine who inherits your property, which may not align with your personal wishes. Our firm, 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 initiate this important process.
What is a power of attorney?
A power of attorney is a legal document that allows you to appoint someone to manage your financial and legal matters if you become incapacitated. Our attorneys at Donald B. Linsky & Associates, P.A. will ensure your document is properly drafted to protect your interests. We invite you to contact us to prepare your power of attorney.
What is an advance healthcare directive or living will?
An advance healthcare directive or living will is a document that allows you to state your medical preferences and designate someone to make healthcare decisions on your behalf if you're unable to do so. Our team at Donald B. Linsky & Associates, P.A. can guide you through this process with professionalism 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. Our firm, Donald B. Linsky & Associates, P.A., can help you plan strategically to minimize taxes and preserve your legacy. We recommend contacting our office to discuss your estate's specific tax considerations.
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 probate 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.