Creating wills and other related documents is critical for adults of all ages who own assets in Florida. However, estate planning is especially critical for those who have children with special needs. A major challenge that the parents of these children face is not being able to know for sure the kind of care their children will need. They also do not know what government benefits the children will qualify for upon turning 18.
People in Florida who are older, single and have no children may not have thought much about creating wills over the years. Instead, they may have been focused on building their careers and dealing with their various financial responsibilities from day to day. However, as they draw near retirement, it is critical that they pay greater attention to estate planning. Here are a few estate planning tips for singles who are close to their golden years.
Duties that are viewed as not interesting or enjoyable are often placed on the back burner. In light of this, it may come as no surprise that many consumers in Florida and elsewhere procrastinate when it comes to estate planning. Here are a few reasons why people procrastinate on creating estate plans and why this generally is not a good idea.
No two people or families are the same when it comes to their wishes for protecting their assets long term. However, many people's common concerns in Florida can easily be addressed through estate planning. A revocable trust is a particularly helpful estate planning tool for a multitude of reasons.
Planning for the future is critical for people in good health, but it is just as important for those in poor health -- such as those battling cancer. Unfortunately, many people in Florida, no matter their medical situations, still have not engaged in estate planning. Here is a look at what a well-thought-out estate plan entails in the Sunshine State.
The new year offers a number of opportunities for people to plan for their futures. Unfortunately, although people in Florida often focus on business planning and retirement planning, for example, they often neglect estate planning. Here are a few tips for planning an estate successfully this year.
A mistake that many people in Florida and elsewhere are making is not taking time to focus on what will become of their property when they pass away. Specifically, do they know how their digital assets will be handled? Here are some tips for tackling digital assets with confidence during the estate planning process.
Research shows that the percentage of Americans who do not have wills is over half. In fact, the percentage is higher for parents who have minor children and lack wills. However, estate planning is critical for protecting one's assets long term in Florida and elsewhere. Here is a brief rundown on what estate planning components are important for people in various stages of life this year.
With the new year in full swing, now may be a wise time for asset owners in Florida to start creating wills, especially if they are parents. However, a common mistake that parents make is thinking that they must treat all of their children the same in their estate planning. The truth is, this is not necessary.
Some individuals in Florida may be entering 2019 with New Year's resolutions. One resolution that would be good to add to the mix is creating estate planning documents. Here is a rundown on a couple of documents that are important to create sooner rather than later this year.