Creating an Estate Plan: 3 Things Not to Forget
There are many things that you should keep in mind when you are putting together an estate plan. You want to make sure that everyone in your life for whom you feel a responsibility and love for is taken care of after you are gone. You want to make sure that all of your efforts when putting together your estate plan are worth the time that you are putting in, which is why you should consult a lawyer during the process. An estate planning lawyer who has expertise and experience in this field will be able to help you navigate through all of the potential issues that you can run into when you are going through this process.
However, there are three major things that you should not forget if you are putting together an estate plan:
1. Make sure that you designate a person who is responsible and reliable to be in charge of your business affairs after you are gone. Many people take this decision too lightly and will not designate someone who is up to the job.
2. Make sure that you take taxes into account. If there are taxes on your estate, you need to make sure that you put aside enough money so that they can be paid, then your loved ones do not have to deal with it.
3. Make sure that you consider all loved ones when you are putting together your estate plan. Anyone that you feel should be your beneficiary should be a part of that plan, otherwise they will likely not receive anything after you are gone.
Florida estate planning attorneys can be very useful when it comes to this complicated process. Consult with our experienced and trusted attorneys at Bakalar & Associates. Our attorneys will be able to answer any questions that you might have when it comes to estate planning and be able to help you navigate through your situation. Contact our office today to discuss your case.