Drafting a will is a very private event for most people. Some are even unwilling to talk about it with family members in advance.
Life is unpredictable, and sometimes, significant life events can alter various areas of your life. Walking through these changes in life can be complex and even overwhelming, but you would be wise to remember how these changes could impact your estate plan. There are times during which a life event or changes in family dynamic could mean that it is necessary to adjust the terms of your will and other estate documents.
Your parents left you an educational trust so that you would never have to worry about tuition costs. However, you have quickly learned that life comes with a lot of other costs, and you're wondering if you can use the trust for anything else. It's not as if you want to spend it all on a vacation or a new car. These are very real life expenses that you feel your parents would have approved of.
It can be difficult to get started on your estate planning. You are so committed to making the best possible plan for your family that you just do not know how to get the ball rolling. To help you start moving forward, take a moment to consider these three important questions:
If you are a Florida resident who is also a pet owner, you may wonder what will happen to your beloved companion animal if you pass away during your pet's lifetime. Fortunately, your worries can be alleviated by funding a pet trust for your four-legged friend.