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What is an estate plan and who are they for?

You are in the prime of your life. You aren't thinking about death, and you probably don't want to either. You don't want to think about what happens after you die or imagine leaving loved ones.

But, picture this: One day you wake up and feel great. It is a day like any other. You get up and look at yourself in the mirror. You get yourself ready. You start your routine. And then the worst happens.

If that happened today, what would happen to your estate?

What is your estate?

Your estate is all of the property you owned. This includes real estate, life insurance, money in your bank accounts and personal items.

Going through your estate can be tough for your family, especially when they weren't prepared to lose you. There are a lot of decisions to be made. Family often wonders what you would've wanted. You don't have to leave them wondering. You can create an estate plan to help ease the burden.

Who are estate plans for?

Estate plans are not just for the wealthy or the old. If you have children, property or family, you should consider an estate plan.

Here are some things to keep in mind when creating an estate plan:

  1. Will: Everyone should have a will. Making a will is an easy way to leave direction as to how you want your property divided and to whom it should go.
  2. Bank accounts: Name a beneficiary on your bank accounts. This allows your family to access those funds easier.
  3. Life insurance: Life insurance coverage could help alleviate debt for your family. Life insurance also avoids probate, which means that beneficiaries receive funds faster.

Estate planning protects your loved ones if something happens to you - expected or unexpected. These are only a few of the many tools available to you. Learn more about estate planning laws in Florida to see how you can protect your family.

You don't want to think about leaving your loved ones. But it might ease your mind if you had a plan in place--just in case!

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Tannenbaum Scro, P.L.
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Toll Free: 866-615-4543
Phone: 941-444-9092
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