It is impossible for a Florida adult to know with certainty what will happen in the future, but there are steps he or she can take that will allow that individual to have a certain measure of control over important matters. By creating specific documents, one can plan for an emergency before it happens. Creating a complete estate plan is an essential step that provides security and peace of mind, as well as the ability to have the final say over personal medical, legal and financial matters.
Starting the planning process
It can be a daunting task to create a complete estate plan. One must consider his or her preferences in the event of incapacitation, as well as what should happen to personal property after death. While it can be overwhelming, it may be easier to navigate this process with the following steps:
- Start by creating a will, as well as a power of attorney.
- Consider establishing a trust as a way to transfer wealth.
- Plan for potential future medical needs in case of incapacitation.
Protect important estate planning documents and keep them in a safe place. It is also helpful to tell at least one trusted individual where these documents are stored.
Assistance and support
A Florida adult may benefit from having assistance as he or she navigates the process of creating a complete estate plan. It will be helpful to seek the guidance and support of an experienced attorney who can help one establish a practical and sustainable plan. An assessment of one’s needs and goals can provide guidance regarding what steps are necessary for the individual situation.
