It is a common occurrence for people to contest the wills and estates of their family members or others they know throughout life. Why would someone contest a will? For starters, they believe that the people named in the will should not be getting what they are getting or shouldn't be named at all in the will. You can prevent your will from being contested by following the tips outlined in today's post.
Wanting to leave assets to loved ones as part of an estate plan can be a sentimental and wise step. You may get a warm feeling knowing that your loved ones will obtain something from you after your passing whether it is money or personal items. Naming beneficiaries can also ensure that the distribution of those assets takes place more quickly and easily.
Creating a trust is one of the most important parts of putting together your estate plan. But, did you know that you can change the trustee whenever you see fit? That's right; the trustee you choose is not set there for eternity. You can make a change for whatever reason you deem. It is your estate plan and your trust, why shouldn't you be allowed to change your preference?
Even though putting together an estate plan is one of the most important things you can do in life, it can still be done incorrectly. For example, you could make various mistakes in your estate plan, which could lead to any of the documents being invalid. Today, we will discuss the major mistakes you can make when estate planning in Florida.