Category Archives: Uncategorized

Legacy Law Firm Merger

Dear Friends:

I am very excited to announce the merger of The Legacy Law Firm, LLC with Burke Faulkner Law, P.A. effective May 8, 2017. The firm will operate under the name Burke Faulkner Law, P.A.  We will operate from the office located at 3106 Palm Harbor Boulevard North, Suite B, Palm Harbor, Florida 34683, the phone number will remain unchanged and an additional phone number is 727-781-7428. Our website will be burkefaulknerlaw.com, and my email will become cristin@burkefaulknerlaw.com, though my current email will continue to be operational for a few months.

I hope you will join me in celebrating this major milestone. I look forward to continuing our professional relationship.  Please visit the new website here to meet the new lawyers.

Very Truly Yours,

 

 

 

Cristin Buell, Esq.

Burke Faulkner Law, P.A.

3106 Palm Harbor Blvd. N., Suite B

Palm Harbor, FL 34683

727-781-7428

Cristin@BurkeFaulknerLaw.com

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We Hope the View Never Changes

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Each morning as I wake up, thankful for life and thankful to be able to see the wonderful views around us, I wonder if the view will ever change.  Intellectually, I know it will with life’s curve balls.  But we all hope that it won’t, or want to think that it won’t.  Every day I hear or read stories about people passing away unexpectedly and at such young ages.  This is why it’s important to have an estate plan, regardless of age or situation.  Each person’s plan can and should be tailored to that person’s situation and goals.  Estate Planning Lawyers can make that happen.  Here are the top objectives to think about for an estate plan.

  1. If you can’t make health care decisions for yourself due to incapacity, who do you want to make those decisions for you? For this, you will need a Designation of Health Care Surrogate.
  2. If you can’t make financial decisions for yourself, who do you want to make those decisions for you? For this, you will need a Power of Attorney.
  3. If you pass away, who do you want to receive you assets? Who do you want to raise your children? Who do you want to be responsible for your children’s inheritance? Who do you want to be in charge of your estate? These questions can be addressed in a will.

In all of the above questions I use the word WANT because if you don’t have an estate plan, then the person you may want to have the authority above, may not be the person that gets it if a court has to get involved.  Remember, we’re not all invincible and a knowledgeable estate planning attorney can help you make a good estate plan.

~Cristin Buell, Esquire 813-925-8083

http://www.thelegacylawfirmllc.com

Disclaimer: The content in this internet website is for informational purposes only and should not be construed as legal advice. Please contact an attorney for legal advice.

Real Estate as Part of Your Estate Plan

If you own a home or several real properties, it’s is worth looking into how to transfer these upon death to avoid probate. A few options are: 1) creating a trust, 2) joint ownership, or 3) transfer on death deeds, also known as lady bird deeds here in Florida.

  • ·         By creating a trust, and transferring the property into the trust, the person you name as successor trustee to take over after you pass away will have quick access to the trust assets and be able to distribute them according to the trust agreement. This will avoid the time and cost of going through probate.
  • ·         If you own property joint tenants with rights of survivorship, when you pass away the entire property will pass directly to the other owner(s). However, don’t confuse this with joint tenants in common. With tenants in common, you own a portion of the property and when you pass away this portion will still have to go through the probate process to pass to your designated heir.
  • ·         Transfer on death deed, Lady bird deed, Enhanced Life Estate Deed are all the same – the name depends on the state you’re in and not all states recognize this type of deed. In Florida it is known as a Lady Bird Deed and with this deed you maintain all ownership rights to the property but you can designate an heir to immediately receive the property upon your passing.

Do your research and speak with an estate planning lawyer to learn which option is best for your particular situation. Everyone’s situation is different and their estate plan should be tailored accordingly.

 

~Cristin Buell, Esquire 813-925-8083

http://www.thelegacylawfirmllc.com

Disclaimer: The content in this internet website is for informational purposes only and should not be construed as legal advice. Please contact an attorney for legal advice.