Florida residents want to protect their families. However, many times, these protective thoughts don’t include estate planning. Why? Well, perhaps it is because some people think that the estate planning process is too complicated, or they think they don’t need any estate planning documents because they don’t have significant assets. Those thoughts are wrong, on both accounts.
For starters, almost anyone can benefit from having estate planning documents drafted and executed. These plans are not restricted only to benefitting the ultra-rich. Many people have more assets than they even realize: homes, automobiles, pensions, retirement accounts and much more. Having a plan in place to direct a probate court on how to distribute these assets can protect family members.
What about the complexity of the estate planning process? In most cases, this is a myth. However, the more assets that a Florida resident has, the more detailed the estate planning process will likely be. After all, it is important to take the time to attempt to ensure that you are considering the right options for your own unique financial and family circumstances.
At our law firm, we help our clients start with an understanding of the basics about estate planning. Many people are just looking for a starting point, and from there the options become clearer. For some, a simple will might be the bedrock of the estate plan. For others, trusts might be the way to go. The estate plans can differ, depending on any given individual’s situation. For more information about how our law firm attempts to help Florida residents with their estate planning needs, please visit our website.