David Howard Goldberg, P.L.

Problems with wills and estate plans can show up too late

For various reasons, many people avoid the process of estate planning. This is often because people don't think they need to make these choices now because they are young, healthy or not wealthy enough to necessitate this process. Others in Florida may assume they don't need wills and other estate planning tools because their loved ones know what they want to happen to their estate and assets. These are all erroneous assumptions, and they can all lead to problems in the future.

When a person dies without a will, state laws will determine what will happen to that person's estate. This may mean that a spouse or children may not get as much as expected or intended. Thankfully, a few simple planning steps can solve this problem and make it easier for a person to have security regarding what will happen to money, property and other types of assets. 

A good estate plan can also include plans for other things, such as the care for minor children after a parent passes away. In a will, a person can name a guardian instead of leaving that very important decision to a judge. This is one of the benefits of estate planning that many people overlook.

Through wills, trusts and other plans, a Florida adult can have confidence that his or her interests and the interests of loved ones are secure. An assessment of a person's individual situation can reveal what estate planning steps may be necessary. This is a prudent course of action, no matter a person's age or income level.

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