Have You Prepared a Will?
We are all guilty of procrastination. There is always something important that needs to get done, but is constantly put aside for a later time. For many people in South Florida, it is preparing a will. Lots of people put it off for a variety of reasons. Some have difficulty coming to terms with their eventual death. Others believe it is not important. But if you own any kind of significant assets, such as a home, stocks, bank accounts and valuable personal possessions, it is important to make sure they are passed down to appropriate family members. Failure to prepare a last will and testament will result in your assets and possessions going to probate. It can also make life miserable for your spouse and family members to recover your assets. Because the process can sometimes get complicated, it is essential to have a Fort Lauderdale probate lawyer to help.
The Importance of Estate Planning & Wills
People are living longer than ever before. But it is important to understand that a longer lifespan should have no impact on your decision to prepare a will. The truth is almost every adult needs an effective estate plan. Wills are just a part of the estate planning process. It involves much more than just making a list of your important assets and possessions. There are other factors to consider, including power of attorney, a healthcare directive or the possibility of creating a trust. When preparing a will, you will need to choose a person who will manage and represent your estate after death. The representative or executor is also in charge of making sure the assets are allocated to the proper people. They are also responsible for resolving debts and filing tax returns on behalf of the deceased.
The Consequences of Failing to Prepare a Will
Creating a will can sometimes be an emotional experience. Some even find it a little creepy to think of their death. Not everybody takes the time to really think about their future and how their family will manage after they are gone. But the reality is nobody is going to live forever. Your decision to create or failure to prepare a will can have a significant impact on your spouse, children and other family members. If you do not make a will, the State of Florida will take over your assets and they will be placed in probate. One of the biggest mistakes many people make is assuming the state will eventually hand over your assets to your spouse and descendants. But that is not always the case. Here is a frightening scenario. If a person dies suddenly from a heart attack and they have no will, your spouse and children may not have access to some of your important assets. Many people also fail to consider who will raise their children in case both parents die.
Contact a Fort Lauderdale Probate Lawyer Today
When it comes to creating a will and properly preparing your estate planning, procrastination is not an option. Fort Lauderdale probate attorneys Ira L. Zuckerman have helped many people throughout South Florida create wills, trusts and complete various forms of estate planning to ensure families of clients will have a bright future. To learn more, contact Fort Lauderdale Probate Lawyer at the law offices of Zuckerman Law, LLC and schedule a consultation.