Life is unpredictable, and significant changes can bring about the need for a Florida reader to change his or her estate plan. When major life changes occur, it is almost always necessary to change wills and other estate planning documents to match current circumstances. Failure to adjust plans as needed can result in complications in the future.
When a person marries, he or she may want to change an existing will to name the new spouse as the primary beneficiary. However, if there is no will already in place, marriage is a good reason to take the initial steps to put certain legal protections in place. Additionally, a person will want to change his or her will after the birth of a child. Estate planning measures can allow a parent to plan for the financial care for a child and address guardianship for minor children in case of his or her death.
If a Florida couple decides to move forward with a divorce, it will also necessitate changes to an existing estate plan. After a marriage is over, a person will likely want to change beneficiary designations and make other changes that can reduce the chance of complication in the future. Other life changes, such as the onset of a disabling condition, may also mean it is time to take another look at a will or estate planning documents.
Adjusting and drafting wills is an important step. Readers will find it beneficial to seek appropriate guidance when making important legal and financial changes. It may be helpful to discuss estate planning goals and adjustments with a lawyer who can explain options and provide experienced guidance.