Importance of Estate Planning
It is all too easy to put off estate planning. After all, many people associate estate planning with being elderly or very ill, and they assume that younger adults do not need a formal estate plan. This is a mistake, however, as not having an estate plan can leave your family with a lot of uncertainty, and your estate likely will not be distributed as you would have wished.
Disaster Can Strike at Any Time
Some people are aging, and their health is failing, which are signs they definitely need an estate plan in place. However, young adults are not immune to accidents, injuries, and fatal medical conditions. One moment, you might be enjoying time with your family in the car, and the next moment, you might be airlifted to a hospital after a car crash. Fatalities can happen to people of any age, so it is never too early to consider your estate plan.
The Benefits of an Estate Plan
There are many ways an estate plan will not only ensure your wishes are honored, but that it will make the situation easier on your family if they suddenly lose you. Estate plans can accomplish the following and more:
- Making probate simpler - Estates in Florida need to go through the probate court, and having a valid will can make this process easier. If you have a will, the court will not have to decide who to appoint as your personal representative, as the will designates your choice for that role. The court also will not have to distribute your property according to Florida law, as you can instruct how you want your property divided among your named beneficiaries.
- Planning for your children’s care - If something happens to you and the other parent of your child, they are left without an official guardian. Without a will, the court will have to determine who should be named as the guardian of your child, which can often involve conflict between family members vying for the role. Your will can name a new guardian, which avoids uncertainty in this already tragic situation.
- Avoiding probate - If you form a trust, any trust property will not have to go through probate. This not only gives you greater control to prevent the waste of your hard-earned property, but also makes the process following your death easier on your loved ones.
Consult with an Experienced Estate Planning Lawyer in Sarasota Today
If you are ready to learn about your options when it comes to estate planning, do not wait to contact Inverso Law Group. We carefully evaluate the circumstances and goals of each individual client to create a comprehensive estate plan that is right for them. You want to ensure that your estate plan will be enforceable and will accomplish your goals, so you always want each document drafted and executed with the guidance of a lawyer. Call 941-926-6039 or contact us online to schedule your consultation to learn how a Sarasota estate planning Attorney can help.