Tag: florida estate planning attorney near me

Tips and Pointers on Where to Keep Your Original Florida Estate Planning Documents?

As a senior adult, are you like many Americans, still keeping your important paperwork and valuables at your bank? Do you believe a safe deposit box is the best place for storing important documents? After all, is it not logical that renting a safe deposit box is a much safer bet than keeping everything at home? These are all good questions and we would like to address them in our blog.

Now that you, together with your experienced Florida estate planning attorney, have created your documents for your Florida estate plan, you may be thinking about keeping your documents at your bank. However, you may be surprised to learn that there are pros and cons to this plan. We would like to share more on this topic so you can make a decision and, as always, do not hesitate to ask us your questions.

Interestingly, many estate planning attorneys may urge their clients not to keep the original copies of their estate planning documents in a safe deposit box. Let us share four tips and pointers as to why: 1. The bank is only open on certain days and at specific times. 2. Access to safe deposit boxes is limited to the owner or owners. 3. If you are the sole owner of a safety deposit box, your family and/or the personal representative(s) of your estate may need a court order to get your documents. 4. There can be ways around this, such as adding additional owners to the box, but you may not want to or forget to use them. We recommend you speak with your attorney because you can designate access to your safe deposit box in your durable power of attorney. A word of caution, though, banks do not always honor these documents when the time comes. Further, they cease to work upon your passing.

Where should you put your original estate planning documents, other papers and valuables? Instead of putting your original estate planning documents in a safe deposit box, consider these tips and pointers: 1. A fireproof and waterproof lockbox at home. 2. A home safe. 3. A secure container on an upper shelf of a closet or cabinet.

No matter where you decide to keep your original documents, remember to make copies. You can safely take copies of your documents with you to any professional visits you need to make, for example, your physician. Your original estate planning documents need to remain safely stored away so that there will be no challenges in the future for your needs, the needs of your family and your legacy. Be sure to discuss this now with your experienced Florida estate planning attorney.

As always, we are here to answer any of your questions and help address your concerns. You are welcome to ask us about storing your original estate planning documents, or about any estate planning matters, at any time. 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.

The Best Gift You Can Make This Holiday Season

Have you realized that in just a few short weeks, it will be 2022? Even with the persisting pandemic adding a layer to our plans, for most of us, we are busy finalizing our end of the year plans, purchasing last minute holiday gifts, and making plans to spend time with family. This is the perfect time to take stock of what has happened this year, as well as reflect on your goals for the coming year. For example, what went well and what could we improve on.

As we reflect on the past year and look to the future, do you have goals for yourself, your loved ones, and your legacy? We encourage you to take the time to not only think about the immediate actions that must be completed before the end of the year, but that you also think about what the future may hold for you. While you may be rushing to complete a shopping list of holiday gifts for your family, consider that completing or updating your Florida estate plan may be the best gift you can give them.

Do you have a current Florida estate plan? As a Florida senior, you may have many questions. For instance, who will make your decisions if you are not able to make them for yourself? If you are in a car accident, who will have the legal authority to pay your bills? Who could handle your business affairs if you could not? Should both your adult children be in charge of your finances? Will your retirement plans be able to support you as you age?

We hear questions like these, and more, from our clients and their family members each day. Remember that old adage: an ounce of prevention is worth a pound of cure? Based on our experience, when it comes to Florida estate planning, you need to know your plan will work when you need it to. This holiday season, a completed Florida estate plan is quite possibly the best gift you can give to your loved ones.

In addition, while Florida estate planning is a critical part of your health and well being, we want you to know that there is a second planning component that needs to be addressed and completed as well. It is your elder law planning, which includes long-term care. After they reach the age of 70, the majority of Americans will need some form of long-term care. Much of this care is not covered by Medicare and will fall on the Florida senior to pay for out of pocket. With prior planning we can assure you it does not have to be this way. We can work with you to not only create an estate plan but also a long-term care plan that can protect the estate plan you are putting in place and allow you to be able to leave a legacy for your family, no matter what the future holds.

We know this article may raise more questions than it answers. You are welcome to contact our law practice now, or at any time throughout the year, and schedule a meeting to make sure you have the Florida legal planning you need to accomplish your goals.