While there are many different paths that one can take to achieve something that will ultimately achieve the same end result, sometimes there are clear right and wrong approaches to completing a task. When it comes to estate planning, whether in Florida or elsewhere, sometimes steps are taken that do not produce the absolute best possible end result. If this happens, one's future and one's family may not be adequately protected.
Having a plan in place in the event of incapacity or death is something that no one should overlook. Unfortunately, such topics are rarely thought about or discussed until people are older. This, in itself, is a mistake. Young adults have every reason to make arrangements as no one knows what the future holds.
When ready to think about estate planning, one's legal counsel can help make sure all necessary documents are completed. Every individual's situation is unique; as such, estate plans can be tailored to one's specific needs. There are certain steps, though, that everyone can take to make sure their estate plans include everything that is important to them. These include:
- Making final arrangements now
- Updating beneficiaries
- Making a list of assets -- including digital assets
- Making a list of those one would like notified in the event of incapacity or death
- Clearly documenting final wishes
An experienced estate planning attorney can assist those residing in Florida with all of their estate planning needs. By seeking assistance, it is possible to create a plan that is comprehensive, leaving nothing out and nothing to chance. With help, one can know his or her future and his or her loved ones are appropriately protected because all the right steps were taken during the estate planning process.
Source: nasdaq.com, "10 Keys to Proper Estate Planning", Michael Chamberlain, March 14. 2016