Hopefully as you enter the new year, you aren’t grappling with a financial hangover due to the holidays. Regardless of where you stand, the new year is a good time to take stock of your finances and make sure you have a strong estate plan in place, not only for your own security but that of your family. Many of the disputes that arise in Florida probate litigation can be headed off with proper estate planning to start.
One of the primary reasons people avoid estate planning is because they erroneously assume it’s something reserved for the wealthy and maybe the elderly. The fact of the matter is, pretty much everybody has an estate and people tend to underestimate the confusion or even animosity that can arise among surviving loved ones regarding the contents of that estate. That includes the care and well-being of any young children you have, should something happen to you and your spouse.
A review of your estate planning documents may not sound like a particularly festive way to being a brand new year, but it is a smart one. You’ll want to make sure that your will, trust and powers of attorney still comply with your wishes. And if you don’t have these in place, it’s time to make it one of your resolutions to do so. Continue reading