If you’re looking for an estate law attorney in Coral Springs, FL, you probably already know the importance of putting together a will. Many people don’t like to talk about wills, but these documents can save your family a lot of heartache and distress once you’re no longer here. Estate planning lawyers can help you put together a plan of action for your assets if something were to happen to you. This plan will be specifically tailored to your wishes, and it will let people know explicitly what your wishes are. Following are three keys estate planning tips that you should keep in mind when you’re ready to speak to an estate planning attorney.
Minor Children
Set up a guardianship plan for any minor children that you have. This will help protect your children in case you pass away suddenly. This will help explicitly list out who will be taking legal responsibility and guardianship of the children. Include information about life insurance and how the children are going to be supported. Your attorney may suggest that you place your money in a trust, but this is all information that you can speak about with your estate planning attorney.
Beneficiaries
Determine who your beneficiaries are now. This will help avoid any confusion and court challenges in the future after you’ve gone. Be extremely clear about who you intend to pass your assets onto. This will help your family avoid major turmoil and court battles down the road.
Assets with Spouses
While some assets pass on to your spouse automatically upon your death, others don’t. Be very specific about how the two of you own titles to key possessions like real estates and bank accounts so that there are no surprises in the event that something happens to you.
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