A Florida resident may benefit from having a will as soon as he or she turns 18. This may make it easier for parents of adult children or others to make medical decisions for them. This is done through a healthcare power of attorney, and a financial power of attorney may also be included in a will. Those who have gotten married or who have just had children may also benefit from a will.
A will may prevent fights between a married couple and other family members if a spouse passes on. This may be especially beneficial to those who have gotten married for a second time. Parents who have a will may use it to name a guardian for their minor children. Older people may want to include a living trust and have assets flow into it through a pour-over will.
Regardless of how old a person is, it is important to consistently review the language in a will. As life events occur, it may be necessary to update it to ensure it still meets an individual’s wishes. Changes to the law may also make it necessary to make changes to a will or other estate plan documents. Reviewing beneficiary designations every so often may also help a person meet his or her estate planning needs.
The use of wills and other estate planning documents may keep family disputes to a minimum or otherwise make passing assets to others as easy as possible. Therefore, beneficiaries may be able to get their inheritances in a timely manner without any hurt feelings or lingering squabbles with other parties. It may be a good idea to talk with an attorney about drafting estate planning documents or to review documents that may already exist.