The End of the Year Florida Estate Planning Checklist You Need

Can you believe that the new year, 2022, is almost here? Even with the continuing pandemic most of us are busy finalizing our end of the year plans, taking stock of what has happened this year, reflecting on goals for the coming year, and deciding what we want for next year and our future.

As you reflect on the past year and look to the future, what are your goals for yourself, your family and your legacy? In addition to thinking about the immediate actions that must be completed before the end of the year, think about what the future may hold for you. We would encourage you to consider either completing or updating your Florida estate plan with an experienced Florida estate planning attorney.

Do you have a current Florida estate plan? If your answer is yes, have you updated it recently? Are you wondering how to begin to update it? Consider the following ten questions that you may use, in addition to your own, to ensure that you have the peace of mind that can come from good estate planning.

1. Who will make your decisions if you are not able to make them for yourself?
2. Will your out-of-state estate planning documents be valid and acceptable in Florida?
3. Who could handle your business affairs if you could not?
4. What would happen to your pets if you were hospitalized?
5. Should your adult children be in charge of your finances?
6. Do you need additional insurance policies?
7. Will your retirement plans be able to support you as you age?
8. Do you have a taxable estate?
9. Has your accountant or investment advisor recommended you make gifts?
10. Have there been any changes in your family structure that necessitate the need to update your planning?

Everyday we hear questions, like the ones above, from our clients and their family members. When it comes to Florida estate planning, you need to know your plan will work when you need it to. We know this article may raise more questions than it answers. You are welcome to contact our law practice now, or at any time throughout the year, and schedule a meeting to make sure you have the Florida legal planning you need to accomplish your goals.