If you already have a will in place, you’re ahead of the curve. In fact, most people in the U.S. find themselves ill-prepared when it comes to end-of-life planning – residents of Palm Beach County are no exception. Unfortunately, having a will is only a fraction of the documentation necessary to be fully prepared for the inevitable, no matter how far into the future it may come. Believe it or not, will planning is more involved than just drafting the will itself….
When we die, we not only leave our loved ones behind, we also typically leave behind a number of assets. These may range from bank and investment accounts to family heirlooms, and many people in Florida and elsewhere often assume that their loved ones will divide these assets in a fair and reasonable manner prior to their death. Yet without a will, significant disputes may arise and costly probate litigation can be the result. Taking the time to engage in will planning, though, may be able to avert most, if not all, disputes while saving loved ones from the expense of litigation….