![]() ![]() Your estate plan should also be crafted in such a way to help you avoid the Florida probate process. Probate Avoidance and Beneficiary Protections. If you have not thought about your estate plan in conjunction with your long-term care plan, as we approach the end of the year, now is the right time to schedule a meeting with your attorney to discuss how potential long-term care complications could inhibit the attainment of your goals.ħ. This makes it essential for you to consider your long-term care needs and how the financial drain on your resources could impact your estate-planning. Have you thought about a future where you might need significant long-term care? Unfortunately, Medicare will not pay for most types of long-term care. Although the state of Florida does not have a death tax, Floridians can still be impacted by these changes at a federal level.Ħ. You need an experienced estate planning attorney who is monitoring these changes to keep you up-to-date on what may or may not impact you. The federal tax structure continues to be a topic of discussion amidst the political discourse in Washington, D.C. Do you have goals for your retirement at this time? Does your estate plan follow your goals for retirement? Do you need guidance on how to get where you want to go, not just financially, but with an eye on the legacy that you want to create?ĥ. A critical part of estate planning is retirement planning. Your estate planning attorney will also be able to provide guidance on how to ensure that your legacy will be preserved no matter what life sends your way.Ĥ. Does your current estate plan reflect the legacy you wish to leave to the world? Whether it is time to check in to make updates or to truly think about what you want to leave at the time you are longer here, it is time to schedule a meeting with your estate attorney to discuss the legacy you wish to create. A well-crafted estate plan allows you to create a legacy not just for yourself but for your loved ones, too. Estate planning is about so much more than who should inherit from you at your death. ![]() It is time to check in with your attorney to make sure you have the person you want to have legal authority to make decisions for you in a crisis set up properly.ģ. This includes your health care decision-making documents. If the past two years have taught us anything, it is that we cannot take our health for granted. If you have not updated your estate plan recently with your experienced Florida estate planning attorney, or checked in to make sure it reflects your goals, we would encourage you to complete a review before the end of the year.Ģ. Simple things like name changes and address changes can cause problems when they are not updated to reflect life changes. Did you know, most Americans who have an estate plan never bother to update it? We do not want you to fall into this category. Be certain your estate plan reflects your goals for both the present and the future.ġ. Use it now, or any time throughout the year. Please accept our Estate Planning Checklist. We encourage you to focus on what truly matters, ensuring that your estate plan is up-to-date and reflects your wishes at the end of the year. A simple, year-end estate planning checklist will ensure the completion of a timely estate plan review.įrom spending time with family to making plans for the new year, to ensuring that you have accomplished all the goals you set during this year, there is so much to do. ![]() ![]() Failure to update your estate plan will result in disappointment, frustration, sadness, and even anger in the face of your neglect. The most important people in your life depend on you and your judgment. Too many parts of your life have changed, and your estate plan must change with them. “I’m good! I have an estate plan.” As the year-end approaches, your to-do list looms larger. ![]()
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