Do you have a Florida estate plan? Estate planning is critical for all of us. From being able to make the early choice of who will be able to care for you in a crisis to who should have legal authority to make decisions when you are incapacitated to, ultimately, deciding who should inherit from you at a time when you’re no longer here, are each important conversations that take place when you work with your Florida estate planning attorney. Although less than half of all Americans today have an estate plan, the importance of it in our daily lives cannot be diminished.
Even though we may choose to ignore the benefits of a Florida estate plan and what it can do for us when we are healthy, we have seen firsthand this concept change dramatically in light of a negative healthcare diagnosis. Know that when we are facing a significant health care issue such as cancer, for example, we start to question what the next chapter of our lives will look like. We need estate planning tips to be able to answer questions such as:
- Who will pay my bills if I cannot?
- Who will make sure I have access to government benefits?
- Who will make my healthcare decisions if I’m in a coma?
- Do I need a living will?
- Who should inherit from me at the time of my passing?
- Who will care for my pets?
- How can I ensure my business continues when I am not here?
- Who will be able to make sure my bills are paid on time?
- How can I make sure my family is provided for in my absence?
A Florida estate plan can give you tips to answer these questions, and so many more when it comes to caring for those who you love, planning for your legacy, and providing for yourself.
Your estate plan will allow you to answer lifetime questions in advance. This could include, but is not limited to, choosing trusted decision makers to act for you in a crisis when you no longer have capacity to make your own decisions. You can give legal authority through estate planning tools, such as a power of attorney, to those that you trust as well as name back ups in the event they are not able to act for you when needed.
When you face a diagnosis such as cancer, careful Florida estate planning can also work hand-in-hand with your health care plan. For example, what treatment do you want to receive? What treatment do you not want to receive? What do you wish to see happen in your business? How do you want your minor children to be cared for? How will you pay for this care? And, if you are unable to act for yourself, who should make these decisions for you?
Further, through your Florida estate planning you can also create your legacy. This is more than just the concept of who should inherit from you at the time you pass away. This is your opportunity to share your dreams for those who will inherit from you and the goals for your legacy. Your experienced Florida estate planning attorney can help you define what your legacy looks like and ensure you have a place in a plan in place to reach it.
We know this article may raise more questions than it answers. Elder and Estate Planning Attorneys, PA, is a law office small enough to provide personal service but large enough to provide service in Jupiter, as well as Palm Beach, Martin, St. Lucie, and Indian River Counties in Florida. Our law firm will guide you through legal challenges involving elder law, estate planning, trusts, veterans benefits, real estate, and more. We encourage you to contact us and schedule a meeting with our attorneys.