Especially during the holiday season, creating a will or trust may not necessarily be on an estate owner's long list of things to do. However, estate planning is absolutely critical for protecting a person's assets long term. This is why it may be beneficial to take this more seriously as the New Year approaches. However, here are a couple of common estate planning faux pas to avoid in Florida and elsewhere.
People in Florida generally understand how important it is to plan ahead financially -- for example, by planning for retirement. However, it is also critical to engage in estate planning in the event that one passes away unexpectedly. Taking things a step further, it is a wise move to plan how to store estate planning documents and information in case they are needed during a major emergency.
When people in Florida think about making future plans for their estates, they often think about creating wills. However, estate planning involves much more than setting up a will. A few other documents are also important to create with the goal of protecting one's assets and interests long term.
Following divorce, it is easy for both men and women in Florida to feel overwhelmed financially. Therefore, it may come as no surprise that many divorced individuals put estate planning on the back burner. In fact, even people who are not divorced have a tendency to postpone estate planning. However, creating an estate plan is critical for protecting one's assets long term.
Creating a will is often a neglected aspect of preparing for the future. However, other aspects of estate planning are often overlooked as well -- namely beneficiary designations. Here is a glimpse at how to handle beneficiary designations during the estate planning process in Florida.
Many individuals in Florida realize the importance of planning for the future. However, estate planning often gets placed on the back burner. Unfortunately, failure to create wills, trusts and other estate planning documents may cause conflict among surviving family members when one dies. Here is a glimpse at how asset owners can decrease the likelihood of family discord after they pass away.
Creating wills and trusts are some of the best things people can do to protect their assets and their loved ones. Still, many individuals in Florida and elsewhere fail to take part in estate planning. Here is a look why creating wills and trusts is so important.
Creating a will may seem unnecessary to a young person in Florida. However, engaging in estate planning is important no matter one's age. Those who put off estate planning and die unexpectedly may end up causing major headaches for their loved ones.
Many people in Florida know about the importance of creating wills. After all, wills, as a part of estate plans, can help people to protect their assets when they pass away. Unfortunately, many people still procrastinate when it comes to completing the estate planning process, and thus they run the risk of dying without having created wills.
People in Florida typically hope for the best but plan for the worst in their own lives. However, they often forget to do the same for their beloved pets, too. Here is a glimpse at what pet owners in Florida can do for their furry friends as part of the estate planning process.