Approaching Estate Planning with Common Sense

The importance of having a will is often overlooked, and the subject is sometimes even avoided because most people associate such planning with their own mortality, an uncomfortable thought to entertain, at best.  However, rather than approaching the subject in a somber manner, it is best to view the will making process as a common sense, practical tool that will ensure that your loved ones are taken care of in a manner that you decide, not some cold, broadly written law.  Proper estate planning also helps lessen the burden on your loved ones in trying to sort out your estate while they are still enduring the grieving process.  Think of it as a way to comfort your loved ones after you die by taking care of financial concerns and planning well in advance.

If, at the time of your death, you do not have a valid will in place, Florida law decides how your assets will be distributed. While lawmakers try in earnest to make such laws provide for family in a fair manner, every situation is different and one size fits all is the wrong approach to take. This is especially true if your family situation is complicated by divorce, adoption, or lack of lineal heirs to inherit your property. Also, the law does not provide for anyone other than relatives, so if you have a special friend you would like to provide for in the event that you are no longer able to do so in person, that friend would inherit nothing unless you had a provision in your will that said otherwise.

Remember, having a will gives YOU the freedom to have your property distributed as YOU wish. Contact us today. We can help you plan.