The thought of planning one's estate can be overwhelming for some. They might think the process is more difficult than it actually is, or they could feel uncomfortable at the thought of facing their mortality. If you are like some Floridians who are putting off writing their wills, you might wonder if you can just tell your loved ones how you want them to divide your estate after you are gone. But is this a good idea?
It might be easy to assume that once you have written your will, there is nothing further you need to do about your estate planning. However, it is important for you and other Florida residents to understand that wills should be updated periodically. The will that you wrote 10 years ago is not likely to accurately reflect your wishes or circumstances today.
As you know, it is important to have a solid estate planning strategy in place to protect your assets and the inheritance you want to leave to your loved ones. At the Law Offices of Frye & Vazquez, P.L., we have a full understanding of the different types of wills and trusts available to Florida residents, and that some types are stronger and less easily contested than others.
At the Law Offices of Frye & Vazquez, P.L., we understand that you have a busy schedule, and you want to save time as well as money. Like many other Floridians, you tackle many issues on your own, and you are considering writing your own will. However, it is imperative to understand that many things can go wrong if you handwrite your own will.
As you know, planning your estate and your loved ones' inheritance can be complicated in even the best of circumstances. What if you are concerned that a mental incapacity will compromise your decision-making abilities in the future? It may be wise for you and other Florida residents to consider a durable power of attorney, but what exactly is it?
You have decided to create your will, which is one of the most important things you will do for your loved ones. However, at the Law Offices of Frye & Vazquez, P.L., we know that the choice of whom to carry out your final wishes is also vital. You and other Florida residents should think carefully about the best person for the job.