Do you have a will? Have you planned your estate yet? If not, you are putting not only yourself but also your dependents and spouse in a precarious situation should you become incapacitated or die. Too many people pass away without a will or other estate documents in place these days. You need to avoid this issue at all costs by asking the following questions when planning your estate in Florida.
Do I need a power of attorney?
The simple answer here is yes. Every person who plans his or her estate needs to choose a power of attorney. The power of attorney will make decisions on your behalf should you become incapacitated due to injury or illness. This designee will also ensure your wishes are carried out upon your death.
Who will receive my property?
This question is vital to ask because you get to choose where all of your property will go when you plan the estate. Figure out who in your life is deserving of your property, assets, and other belongings.
Who will be our child’s guardian?
If you are putting these documents together while your children are still minors, you need to determine who their guardian will be should you die before they reach adulthood.
What are alternate beneficiaries?
Alternate beneficiaries are people you choose to replace people who were originally named as beneficiaries who might no longer be living at the time of your death.
The list of questions to ask when planning your estate is not an exhaustive one. There are plenty of other questions you can and should ask. Be sure to do all of your research prior to signing any documents so you and your family are protected in Fort Myers.