Florida Estate Planning Documents: Which Ones Do You Need?

There are important Florida estate planning documents that you should know. Unexpected situations can arise that can end up disabling you or even ending your life. That is why you must make it clear what you want to do with your estate, and even more with your minor children if you have them. Better safe than sorry.

Next, we will talk about documents that will help you achieve that purpose. A will, which will be effective in case you die; a power of attorney, and an advance directive for health, which are effective when you are alive.

Which Are the Most Important Florida Estate Planning Documents?

It is impossible to predict what will happen in the future. However, there are ways to clarify what you would like to take effect if something happened to you. Therefore, three estate planning documents will be very useful, these are:

1. A will
2. A power of attorney
3. An advance directive for health care

Although each of them is important in its own way, they are closely related to each other, and having all three documents is ideal. These are designed to give you and your family peace of mind by answering these questions:

1. Who will inherit the estate?
2. Who will manage it?
3. Who will be in charge of protecting your children on a daily basis or even if you pass away before they reach the legal age?

All About Last Will and Testaments

In general, a will tells what you want to do with your estate in the event of your death. Some specific points that are expressed in this document are:

• The name of the person who will dispose of your estate.
• The person who will take care of your minor children.
• The way in which your assets will be distributed to your heirs.

All About Durable Power of Attorney

A power of attorney is the document you will use if you need someone to take care of your finances when you are unable to do it. This tool can be defined within limits. For example, allowing your attorney-in-fact to get into your bank account to pay your debts only for a set time.

However, you can also grant authorizations with much fewer restrictions. If we take the example above, your attorney-in-fact could get permission to handle your finances indefinitely.

Let us put a situation that could happen more commonly. If you are going to buy a house but cannot execute the transaction because you are traveling or hospitalized. Then, this document would help your attorney-in-fact to carry out the operation for you.

All About Designated/Advance Health Care Surrogate

There are situations in which a power of attorney will not work because you are incapacitated or unable to make medical decisions. In those cases, an advance health care directive takes effect. It can also include a living will to express who you want to take care of your assets during that time.

If an accident happens to you, with this document, the person you leave in charge will be able to make your wishes regarding medical care effective. In addition to taking the weight off your family from making difficult decisions.

Contact Our Estate Planning Attorney Today to Handle Your Florida Estate Planning Documents the Professional Way

Are you looking for professional help to handle your Florida estate planning documents? We can help you. Give us a call to (305) 921-0440 or send us an email to Romy@JFLawFirm.com and we will show you how to handle your documents the professional way – to ensure optimal results.