One of the biggest misconceptions concerning Estate Planning is that Estate Planning is only for the “rich” or the “elderly.” That misconception could not be any further from the truth. No matter what you believe your estate may be worth, there are certain documents that you may need to ensure that, in the event of your death or incapacity, your affairs can be handled in a timely and effective manner.
While some estates may not benefit from a costly and complex Trust, every individual’s estate will benefit greatly from having a clear and concise Last Will and Testament. Having a clearly written Will allows the individual’s assets to pass through probate smoothly and in a timely manner. Without a Will, the courts must look to Florida intestacy laws in deciding where an individual’s assets should go following their death. There is, of course, far more involved in Estate Planning than just a Will or a Trust.
What many people fail to realize is that documents such as the; Durable Power of Attorney, Living Will, Pre-need Guardian Designation, Health Care Surrogate, and HIPPA forms, can help reduce the stress and anxiety placed on one’s loved ones in the event something were to happen to oneself. These documents are not reserved only for the “elderly,” every adult person, young or old, should consider having these documents prepared for themselves and their loved ones.
If you have any questions, or if you are interested in having an experienced Estate Planning attorney prepare your options, call our office to schedule your free Estate Planning consultation. We have estate planning packages available that meet everyone’s budget and needs.
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