No one expects a catastrophe to happen. But they do: Car accidents, chronic or terminal disease, dementia. There is no way to tell what the future holds, but planning for it could mean the difference between leaving your kids a headache--or an inheritance.
Assuming too much or too little can lead to estate planning errors. While estate planning is often based off of assumptions for one's future, making the wrong assumptions can be costly for oneself and one's loved ones. An estate planning attorney can help those in Florida who are preparing their estate plans make the best decisions possible for their situations and adjust plans as necessary in the future.
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.
When planning out end-of-life matters, many individuals in Florida and elsewhere may make mistakes that could potentially cost their loved ones quite a bit in the future. Estate planning does not have to be a difficult process. However, there are certain things that really should be included or considered in an estate plan that numerous people may overlook, be unaware of or simply feel are unnecessary.
When estate planning, there are a lot of details that need to be covered. Some may be pretty big, while others may seem of little significance. From the major decisions to the minor ones, estate planning certainly covers a lot of ground. During this process, it is important for those residing in Florida or elsewhere to choose who will handle their affairs in the event of incapacitation.
When working on end-of-life planning, one of the things most people think of is completing a will. While a will certainly has its place in the estate planning process, there are other legal documents that those residing in Florida or elsewhere may want to consider. What are these and why are they important?
For many of us, issues surrounding probate and estate administration are unfamiliar. Issues regarding distribution of property or documenting the inventory of an estate are handled all the time by professionals in the field, but rarely by individuals. This means that working with a Florida attorney with substantial experience in probate and estate administration matters is often a wise decision.
When determining who should be responsible for administering one's estate, there are a lot of things that will need to first be considered. This is not an easy decision to make, as the job that this person will be required to do is not always easy. There are those, in Florida and elsewhere, who may not feel that they have a person close to them who is capable of handling the stress and complexities of estate administration. This is when a corporate fiduciary may be required.
When it comes to end of life planning, one may not consider all of the little details that can actually have a big impact on his or her estate. Thorough estate planning can help Florida residents avoid any potential problems and allow them to see how their decisions will truly impact how everything will be treated after they are gone. Naming one's executor is one of these details that can have either a positive or negative effect on the handling of an estate.
For years, engaged couples in Florida and beyond have drafted and signed a prenuptial agreement in order to protect assets owned before marriage. In recent times, married couples have been adding a different type of legal contract to their estate planning efforts. This document is signed after the wedding day and is, therefore, called a "postnuptial" agreement.