Tag: estate plan attorney

5 Questions to Answer in New Year’s Florida Estate Planning Checklist

Did you enjoy celebrating the new year with your family? Did you make a list of resolutions you want to accomplish this year? Is a Florida estate plan on your list? Do you have a Florida estate plan? If you do, that is great news, but when was the last time you looked at it? If you do not have a plan, is your resolution to accomplish that goal as soon as possible? Keep reading for information about an estate planning checklist to help you.

In our office we often meet with clients and their loved ones to discuss the need for a Florida estate plan. Our clients want to know just what is needed to ensure that they are personally protected, as well as their businesses, their family, and the legacy they want to leave behind.

That has led us to develop an estate planning checklist that we would like to share with you. In our checklist we have five questions that you should ask yourself now, or as soon as you can, to make sure that your estate plan reflects your goals for both now and in the future.

1. Is your Florida estate plan recent? When was the last time you updated your estate plan? Did you know that simple things like name changes and address changes, can cause problems when they are not updated to reflect life changes? If you have not updated your estate plan recently with your experienced Florida estate planning attorney, or checked in to make sure it reflects what you actually want, we would encourage you to do so as soon as possible.

2. Have you chosen a healthcare decision maker? No one should ever take their health for granted! That is why your legal health care decision-making documents are so important. Again, have your Florida estate planning attorney review your documents so that you have the person you want to have legal authority to make decisions for you in a crisis set up properly.

3. Do you have retirement goals or have you completed any retirement planning? Did you know that retirement planning is an essential part of estate planning? What are your goals for your retirement? Are you confident that your estate plan follows your goals for retirement? Do you need guidance on how to get where you want to go, not just financially, but with an eye on the legacy that you want to create? Ask your Florida estate planning attorney for advice.

4. Have you made any long-term care plans? Have you given any thought to what would happen if, in the future, you might need significant long-term care? You need to know that Medicare will not pay for most types of long-term care. So it is necessary for you to consider your long-term care needs and find out how the financial drain on your resources could impact your estate-planning. Your Florida estate planning attorney will be able to help you create your estate plan cooperatively with your long-term care plan.

5. Is having your estate avoid probate important? Your estate plan could possibly be created in such a way as to help you avoid the Florida probate process. While your estate may avoid probate, be sure that your beneficiaries are also protected going forward. Do you have an estate plan that will be able to not only leave a legacy but also ensure that future generations will be protected? If not, this is a topic that should be at the top of your estate planning checklist.

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.