This month is National Make-A-Will Month. Although most Americans realize the importance of estate planning, it is estimated that 50-60% do not have a will. If you do not yet have an estate plan, now is the time to act! Your Jacksonville family or estate lawyer can assist you with creating this plan.
Why is it important?
The entertainer commonly known as Prince died unexpectedly at the age of 57 years old. Since he had not established an estate plan before he passed, Prince was unable to designate how his fortune would be shared. Prince’s estate is still tied up with legal battles some five years later! Not having a will can lead to family disputes and, as was the case with Prince’s estate, costly litigation. Having your final documents in order before it is too late is an expression of love and compassion for your family and friends.
Think Estate Planning is Only for the Wealthy?
A person’s wealth or assets will determine how detailed their estate plans may need to be, but everyone should have a plan in place. From selecting guardians for your children, to who will inherit your most treasured items, a will is an important document that everyone needs.
Most people cite not having time, not wanting to think about it, or simply not getting around to it as a reason for not having a will. With this being National Make a Will Month, there is no better time to act than now. Your Jacksonville family or estate lawyer can assist you with your plan for the disposition of your assets at your death.
If you already have a will – congratulations! You are better prepared than more than half of Americans. While estate plans never expire, we know that life happens – births, marriages, deaths, and other important family changes. Everyone should review their will annually and make the necessary revisions. Your Jacksonville family or estate lawyer can assist you with your estate plan.
Leaving a Legacy
By creating a will, you leave a legacy of love and care for your family and friends that show your kindness and support for them after you are gone. Many also choose to leave gifts in their will for charities and organizations they hold close to their heart.
You can contact a Florida family or estate lawyer at the Law Office of David M. Goldman for a free initial consultation in most cases.