Estate Planning Law Firm Melbourne, FL
An estate planning law firm Melbourne, FL knows shares that estate planning allows for your wishes to be carried out after you die and consists of many documents, including a will, living trust and financial power of attorney. While no one likes to think about their mortality, estate planning is a necessary step to take and shouldn’t be put off. The following are some important things that Arcadier, Biggie & Wood, PLLC want you to know about estate planning.
Estate Planning Isn’t Just for the Wealthy
Many years ago, estate planning was only considered important for the very wealthy. Today, estate planning is an essential tool that many should consider. Even if you have one or two minor assets, it’s important to have a proper estate plan in place. Our estate planning law firm Melbourne, FL relies on will tell you that this can ensure that your wishes are carried out in the way that you would like.
Estate Planning Is Invaluable for Unmarried Couples
If you and your partner are unmarried, it’s especially important for you to have an estate plan. If you die without a will, the state will decide who will get your assets. If you’re not married to your partner, your biological relatives will generally inherit your assets.
Estate Planning Documents Should Be Accessible
Contacting our estate planning law firm Melbourne, FL celebrates will tell you that having an estate plan is only beneficial if your beneficiaries can access it after you die. Avoid leaving your estate planning documents in a bank safety deposit box, as your heirs might not be able to access them immediately. Instead, leave them in a locked box at home or with your lawyer.
It’s Important to Update Your Beneficiaries Regularly
The majority of people name their spouses and children as their beneficiaries. However, divorces, remarriages and other changes can alter the structure of your family and assets. That’s why it’s a good idea to look at your plan at least every few years and see if you need to update your beneficiaries or not.
It’s Never Too Late to Start Estate Planning
Our estate planning lawyer Melbourne, FL turns to warns that if you’ve put off estate planning for a while, don’t think that you can’t establish a plan right now. While the process might seem overwhelming, you can actually create a plan with the assistance of our lawyer in just a few hours.
Consulting With Our Estate Planning Law Firm Melbourne, FL Relies On
If you’re ready to establish an estate plan, you should speak to an experienced estate planning lawyer. Estate planning involves many complexities, so you want someone with knowledge and experience to assist you. An estate planning lawyer will help you create an estate plan that ensures your final wishes are carried out.
Schedule a free consultation with Arcadier, Biggie & Wood, PLLC, an estate planning law firm Melbourne, Florida residents can trust today.