La'Rae H. Hendrix P.A.

estate planning Archives

Estate planning mistakes can reverse one's intentions

There are a number of mistakes that one can make along the way to getting an estate plan in place and functioning properly. The most obvious mistake is to fail to do it. Putting off the initiation or completion of the estate planning process gets the individual no protection whatever. If one dies without a will in Florida, the state will administer a set of rules stating who will inherit and how much, which may not be what the decedent would have desired.

Why there is a need to update your will

Putting together an estate plan is an intimidating and scary process. Since the topic inherently means that you have to contemplate your own death (and what comes after), it can be difficult to get started. However, having an estate plan is absolutely critical for safeguarding all you have worked for throughout your life. It protects you, your family, and your loved ones from potentially unfortunate circumstances where assets in your estate don't go to the people who deserve them simply because you lack an estate plan.

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