Watching a loved one's health decline is difficult. The unfortunate truth is that most people reach a stage where they are unable to care for themselves without having planned for this possibility. Without an advance health care directive or power of attorney in place, family members may be unable to make important medical, financial and legal decisions for their loved one without the intervention of the Florida courts.
Florida readers know estate planning is an important process, but there are many who choose to forgo this step altogether. There is a misconception that estate planning is only important for those who have kids or significant wealth, but that is not necessarily true. In fact, childless adults will still find it important to think about their future and put certain protections in place.
Every Florida family has different estate planning needs and goals. In some situations, leaving assets through a will is sufficient, but there are other tools available that can help a person achieve his or her goals for beneficiaries and heirs long after passing. One way to do this is through trusts. This specific option allows a person to set aside and protect assets for a specific use.