Ready For What’s Next? Learn Why Regular Will Reviews Are Essential
For many in Florida, updating their will might not be top of mind, but it should be. In this article, we’ll explore the importance of updating your will and how it can ensure your wishes are honored and your loved ones are protected.
Designate a Guardian for Minors in Your Will
Just like preparing your kids for the upcoming school year, ensuring their well-being in case of your absence is crucial. In Florida, if you haven’t designated a guardian for your minors in your will, the court will choose for you. You can decide who will care for your children by updating your will, providing peace of mind that they’re in good hands.
Secure Your Child’s Financial Future in Florida
Your estate plan should also focus on securing your child’s financial future. In Florida, if you pass away before your children turn 18, they can’t manage the assets you leave behind directly. Updating your will ensures that a trusted individual manages these assets, preventing court intervention and unnecessary legal battles.
Lean on a Florida Estate Planning Attorney for Trust Creation
Creating a trust with the help of an estate planning attorney in Florida can be a game changer. It allows you to name a trustee who will manage your finances and ensure your children’s needs are met until adulthood. This proactive step provides specific instructions on asset usage, such as funding for a college education.
Bypassing the Probate Process in Florida
Proper estate planning with a Florida attorney can help your family bypass the dreaded probate process. Strategies like a life estate deed allow you to control your real property during your lifetime and seamlessly transfer it upon your passing. This foresight prevents your family from enduring a lengthy and potentially challenging probate process.
Ensure Your Wishes Are Honored By Updating Your Will
Updating your will is not just a legal task but a heartfelt decision that impacts your loved ones’ futures. At Amy L. Phillips, PLLC, we understand the importance of this decision and are here to guide you through the process with compassion and experience.
To contact an estate planning attorney in Florida today, simply contact us online or at 863-268-8292 to set up your first fully confidential consultation. We are here to help.