Boyes, Farina & Matwiczyk

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Tagged: estate planning

Many In Florida Still Have Not Started Estate Planning

…Creating an estate plan is an important thing to do for just about any person. This includes people of all income levels and age brackets in Florida or in any other state. However, approximately 51 percent of Americans between the ages of 55 and 64 have not completed the first step in estate planning, which is drafting a will.

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Life Insurance Is A Key Part Of Estate Planning In Florida

…Family is usually one of the most important aspects of people’s lives. This is why so many people work hard to earn money and accumulate wealth in order to ensure their family’s well-being in Florida or in any other state. Estate planning plays a crucial role in this endeavor after a person has passed away.

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Social Media Is Now Important Part Of Estate Planning In Florida

…Social media has been one of the most influential developments as of late. One would be hard pressed to find a person who does not have a social media account in Florida or in any other state. This is why social media and other digital assets are now an important part of planning for estate administration.

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Estate Planning Should Also Include Post-Mortem Planning

…Planning an estate is important for anybody, no matter what age or how wealthy. Estate planning provides direction for heirs on how to administer one’s estate after a person dies in Florida or in any other state. This will help heirs avoid having to go through a lengthy probate process. However, even with an estate plan in place, after one dies, there are still several tasks that must be completed.

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Paul Walker Started Estate Planning Early

…Many individuals likely remember the Fast & Furious movie series and their high-speed chase scenes. This is why many people in Florida were shocked when they heard about how the star of the movie series, Paul Walker, died. The movie star apparently died in a car crash where his vehicle was traveling more than 100 mph.

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Use of Preneed Guardian Designations

…An individual’s personal decision to name a preneed guardian may prove to be vitally important.  A competent adult is permitted to select a preneed guardian by making a written declaration that names a specific guardian to serve in the event of the person’s incapacity.  Section 744.3045(1), Florida Statutes.  In the event that a proceeding to determine incapacity is initiated, a valid written declaration naming preneed guardian constitutes a, “rebuttable presumption that the preneed guardian is entitled to serve as guardian.”  Fla.

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Estate Planning Can Provide Security And Certainty In Florida

…There is nothing better than having peace of mind. In a tumultuous world full of unexpected surprises, it is no wonder that people in Florida are constantly searching for a sense of security and certainty. A fatal incident can occur at anytime and can come unexpectedly. Fortunately, estate planning can help people gain a sense of certainty by ensuring their assets will be given to their intended heirs after their death.

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Living Wills Are Important Part Of Estate Planning In Florida

…Most people do not like to talk about what to do in the event that an individual is incapacitated in an unfortunate incident. This is an uncomfortable topic which many people will try to avoid at all costs. However, avoiding the issue can create even more problems for loved ones and can be potentially detrimental to family unity.

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Many Forget To Update Beneficiaries In Estate Planning In Florida

…Those who have actually created an estate plan are moving in the right direction as far as protecting their assets for their heirs. However, just because a person has a plan in place does not mean that he or she no longer has to worry about estate planning. Since the circumstances of people’s lives are constantly changing, it is important that Florida residents update their estate plans accordingly.

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Estate Planning Important To Married Young People In Florida

…Planning an estate is usually one of the last things on the minds of most young people. However, it is never too early to begin estate planning in Florida or in any other state. Many young people have more assets than they realize and should do whatever they can to make sure these assets are protected in the case of something unfortunate occurring.

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