Those who create an estate plan here in Florida do so generally in good faith. There is an assumption that beneficiaries will use any inheritance to care for themselves and anyone or anything else designated by the person who created the plan. Unfortunately, some potential beneficiaries may have difficulty handling such a responsibility, especially if the beneficiary suffers from an addiction to drugs and/or alcohol. Yet, leaving such a person out of a will may not be an option either -- it could result in the addicted person spiraling further into turmoil. Experts do have some recommendations for those considering estate planning who find themselves in such a situation.
4 things every servicemember should have in an estate plan
As a member of the armed services, you have a strong devotion both to your country and your family. After all, unlike many Americans, you agree to put your life on the line to protect everything that makes our country great. As such, even though you are young, you may have an increased risk of dying.
Start of new year ideal time to review estate plan
Not many people enjoy thinking about the end of their life. Besides being an unpleasant thing to consider, it can bring up difficult decisions that may need to be made. Many people would prefer not to think about it at all, but that could be a mistake. Families here in Florida and around the nation can use the new year as a reason to update or create a new estate plan, to ensure that their assets are handled the way they want and that their final wishes are honored.
