The way that the trust administration process plays out depends on the specific stipulations in that trust, the goals of the original creator of the document and what type of trust it is. Everyone who sets up a trust should have considered all of their options to determine exactly what fits best with their family, their needs and their plans for the future.
Among your largest assets that you plan to pass on to your children are probably your home, a life insurance policy and a retirement account. These are important assets, but their inclusion in your will may not be as important as smaller, sentimental items that do not have nearly the same financial value.
Florida parents often know that siblings can find any reason to fight. Even as they get older, some siblings may continue to squabble over little details. As a result, you may worry that your children may get into a fight over your remaining assets after your passing.
As you do your estate planning, you need to consider your health care needs as you grow older. Things can change more quickly than you may realize, and you need to be prepared.
You're doing your estate planning, trying to decide who to pick as a guardian for your child. Do you choose a single person or do you need to pick a couple?
Your estate plan should never be an afterthought or something you throw together just to technically "cover your bases." You need to give it the proper amount of consideration and planning so that it really addresses what your family needs. Remember, this is your final chance to help them move forward with their lives, and you don't want to make any mistakes.