There is an old saying that you can't choose your family. In the context of estate planning, however, you can choose the family to whom you leave your assets. For some people, this might include choosing to leave someone out of a will so that he or she does not benefit from any gift or inheritance.
Just about every adult can benefit from having a will in place. Even a simple will can provide peace of mind to the testator (the person completing the will) and his or her loved ones by making arrangements for the distribution of assets.
If you have been through the process of creating an estate plan, then you probably know what a relief it can be to have in place the necessary documentation to protect your wishes, your property and your loved ones.
Imagine you are making plans for an upcoming vacation. You think about it all the time; you mentally decide what you will do and what places you'll visit; you even set aside all the money you plan to use. You could feel very prepared.
After a loved one is diagnosed with Alzheimer's disease or dementia, family members typically step in to manage financial and healthcare decisions when he or she no longer has legal capacity to make these choices.
Pets are a valued and loved member of families all across Boca Raton. If you are a pet owner, then you likely know that animals can be just as important as any person in terms of companionship and love.
When it comes to creating an estate plan, most people are unsure of what they need and where to begin with the process. This is not unusual, as people typically do not deal with estate plans or the related documents on a regular basis.
Having an estate plan is critical for just about every adult in Florida, whether you are just starting to build your estate or you are ready for retirement.
It is not unusual for people who are in their 20s and 30s to put off estate planning. Not only is it a difficult subject that makes people uncomfortable, but many young people think they simply don't need to think about it.
Creating a will is an important step every person can take to protect their assets and document their wishes for distribution. However, too many people make the mistake of thinking that a will is all they need for a solid estate plan.