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www.SouthwestOrlandoBulletin.com x November 15 — December 5, 2018 x 7<br />
What is probate? Apparently, it<br />
is not foremost in the minds of more<br />
than 50% of parents who have saved<br />
throughout their lifetime and acquired<br />
such simple assets as a house, a car,<br />
and a bank account. For others, assets<br />
may also include insurance benefits, investments and retirement benefits. Will<br />
their children acquire these assets upon their parents’ deaths? Yes, for the<br />
fortunate ones who can afford a probate attorney. Those with insufficient funds<br />
may discover that what should be theirs, ends up in control of banks or investment<br />
institutions resulting from home foreclosures, automobile repossessions, and<br />
bank accounts transferred to the state’s unclaimed property. Why?<br />
Due to daily financial and family struggles, parents are often too preoccupied<br />
to think about the future. Disregard for the future will impact the lives of their<br />
adult or young children when parents die. You have worked all your lives, but if<br />
you suddenly die, your children could face the unexpected and expensive cost for<br />
probate attorneys and court fees to legally retrieve their parents’ assets.<br />
In the U.S., greater than 50% of all parents fail to do estate planning<br />
and their assets end up in probate. Unfortunately, 25% of all children cannot<br />
afford the high cost for probate after their parents die because they may not<br />
have yet attained the financial achievement in their own lives thus the parents’<br />
assets are lost. Estate planning for the living is much less expensive than the cost<br />
to probate your estate at death. PARENTS WAKE UP!<br />
Parenting doesn’t stop at giving your children everything you believe they<br />
need while living at home. Parenting continues long after you have passed.<br />
Parents Wake Up<br />
by: Kristen M. Jackson / Attorney<br />
Children never forget your love, guidance and support you provide during<br />
their childhood and will talk about their memories of you forever. They<br />
will talk about you beyond the grave and how you provided them their own<br />
roadmap to raising their own children, your grandchildren.<br />
You imagined your son would one day attend college and become an<br />
architect or computer engineer, but he now lives under a bridge on drugs<br />
with post-traumatic stress disorder resulting from the horrors of war. You<br />
imagined your daughter would one day be married and financially stable but<br />
now survives on welfare with 3 small children all from different dead-beat<br />
fathers. Every parent imagines their children having financially successful<br />
lives and many do, but too often they have not yet achieved financial success<br />
and are living on a shoe string budget at the time of their parents’ deaths.<br />
None of the children discussed above will be able to pay for the high cost for<br />
probate attorneys and court fees.<br />
Lavish lifestyles, fancy cars, designer clothes, expensive vacations, private<br />
schools are all fun stuff while your children are growing up, and if there is<br />
anything left at your death such the family home and $500 in the bank, who<br />
is going to pay for the cost to probate?<br />
What is the cost of estate planning? It is typically far, far less expensive<br />
than the cost to probate assets at death. Estate planning is your responsibility<br />
not that of your children. If your child is more financially able than you then,<br />
why not ask for their help?<br />
PARENTS WAKE UP! Consult with an estate planning attorney today.<br />
Legal Areas of Practice<br />
By our Team of<br />
Attorneys<br />
Administrative<br />
Advance Directives<br />
Bankruptcy<br />
Business<br />
Buy / Sell Contracts<br />
Commercial<br />
Contracts<br />
Corporation<br />
Criminal<br />
Employment<br />
Estate Planning<br />
Family Law<br />
Guardianship<br />
Litigation<br />
Last Wills<br />
Medicaid<br />
Powers Of Attorney<br />
Pre-Nuptials<br />
Probate<br />
Real Estate<br />
Special Needs<br />
Title & Closings<br />
Trusts<br />
Trademark<br />
Estate Planning<br />
Wills, Trusts, Probate, Living Wills, Powers of Attorney, Health Care Directives,<br />
Pre-Need Guardians, Trust Administration, Pet (Animal) Trusts<br />
Probate<br />
With or without a Last Will, in order to obtain assets, pay debts and taxes<br />
and distribute remaining assets to the heirs or beneficiaries, the deceased’s<br />
estate requires the assistance of an attorney to manage the court supervised<br />
administration.<br />
Corporation & Business Law<br />
Contracts, Start-ups, Purchase or Sales, Corporations (Inc.), Limited Liability<br />
Companies (LLC’s), Trademarks, Copyrights, Franchise Agreements<br />
Real Estate<br />
Closings, Title Insurance, Sales & Purchases, Leases, Contract Review,<br />
Contract Preparation<br />
(407)363-9020<br />
www.JacksonLawPA.com<br />
Offices: Orlando<br />
Credit Cards Accepted<br />
Kristen Jackson<br />
Attorney At Law
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