When many Florida residents hear the term "estate planning," they think of older people settling their final affairs. However, creating an estate plan does not have to be something that only applies to older people. In fact, even if you have only recently reached the age of majority, considering your estate planning desires could prove wise.
If you have never been part of a will reading, it's a good idea to know ahead of time what to expect. This includes the steps that are involved to execute a will. If a family member dies, you simply cannot go to their home and claim what you know has been left behind to you in the will. There are things that must be handled first before items can be bequeathed to the beneficiaries of the will.
Having a special needs child presents a lot of problems for parents. They might not know how to protect their children, especially if their child does not have the mental capacity to make their own decisions or to protect themselves. Parents have a couple of options when it comes to helping their special needs child succeed in life and avoid becoming the victim of a scam or other issue. But, what happens when the disabled child turns 18?
Whether you are headed to the hospital for a surgery or are being moved into a nursing home, you need to give consent prior to receiving any type of treatment. This includes accepting prescriptions, receiving shots, being operated on, receiving cancer treatments and anything else that can be administered to you. Let's take a look at how you can give consent prior to accepting treatment so you do not wind up in a precarious situation.
Choosing the right trustee is one of the most important parts of developing an estate plan. A trust helps you protect yourself, your assets and your loved ones once you are gone. If you don't choose someone who is responsible enough to handle the trust, then you could be in a lot of trouble. Let's take a look at how to choose the right trustee to administer the trust for you upon your death or incapacitation.