Few families in Florida or elsewhere in the country are untouched by the opioid epidemic. Drug overdose is now the number one cause of death for those younger than 50 in the United States. Drug addiction has no demographic, and families of all backgrounds are watching loved ones struggle with the powerful hold of heroin, prescription drugs and other substances. Because of this added complication when it comes to estate planning, many include trusts among their documents.
Many people across the country find a home in Florida in their later years. The warm climate and friendly tax laws make this state a haven for retirees. However, moving from another state may mean adapting to many changes, including any estate planning decisions someone may have made prior to relocating. Each state has different rules for what makes wills and trusts valid, and those who move to a new state should be sure to learn if those laws require adjustments to their estate plans.