Why is it important to have a Florida estate plan? Do you know how your estate is going to function when you die? How can a Florida estate avoid probate? Is an estate plan beneficial to me in any way while I am living? Can it help me to avoid a guardianship?
Importance of an Estate Plan in Palm Beach
- An estate plan can prove to be beneficial in many ways.
- Probate lawyers throughout Florida will recommend that you create an estate plan with an estate planning attorney.
- This is because, when you pass away, there will most likely be a fight over your money.
- A properly implemented estate plan can help save the estate from being diminished by litigation fees, although beneficiaries or interested people are still able to contest your will or will codicil.
- Furthermore, a proper estate plan can assist you, in certain situations, while you are still living.
- For example, you may be able to substitute guardianship with a less restrictive alternative if it can get the job done.
- What is a proper substitution?
- A power of attorney is an example of something that may act as a proper substitute for guardianship.
- In order to avoid a guardianship, is necessary to have a proper estate plan in place.
- If an estate plan, created by an attorney in Palm Beach Gardens, adequately protects the interests of the person subject to guardianship, a guardianship may not be necessary.
- A probate judge will decide.
Elderly Couple Forced to Live Separately After Being Married 62 Years
- On August 26, 2016, the Palm Beach Post reported about an elderly couple who is being forced to live separately after being married 62 years.
- Could you imagine? Could this arguably be a form of Elderly abuse?
- The couple is miserable being apart but they are being forced to be due to the husband’s need for a more intensive level of healthcare than the wife.
- This landed them in two different assistant living facilities.
- What could have been done to prevent a horrible situation like this?
- To read the entire article, click here.