Have you prepared your Adult Children to deal with your Estate when you died?
These are topics and situations that no one wants to think about, and I understand that. I am an estate-planning attorney and I hear clients every day, speak about their death.
But what they say, in reality, in the privacy of my conference room is “If I pass away…”. If? Hello people out there. We are all going to pass away-that much is certain. Everyone does. Since this pandemic, there have been many deaths nationwide. In Florida alone, there have been almost 37,000 deaths. Not all were probably solely from co-vid 19, but certainly, the illness aggravated many medical conditions that sick individuals had.
Maybe there is a way to provide a road map for your children, so they don’t have such a tough time figuring out everything. This is a time that they will be grieving their loss, and lack of information can cause undue stress. You should have a Last Will and Testament or revocable living trust, stating where you want your assets to go, when you are gone. It would be helpful for an inventory of bank accounts, credit cards, retirement accounts. Even better, have difficult conversations with your adult children (or another family member, if you have no children) about where the legal documents are, where the inventories are, and funeral arrangements documents.
There is a great article in the Wall Street Journal, Covid-19 Forced Many Unprepared Young Adults to Deal With Their Parents’ Estates – WSJ that discusses these exact points. Take a moment and read it.
If this last year has taught us nothing else, it has taught us that life goes fast, and we can be prepared. Call a qualified attorney today and start your journey to prepare for the future.
We are open to the public. It has never been a better time to get your estate planning documents in order. Come see us at CPLS, P. A., downtown Orlando Office, it’s important to speak with an experienced attorney to discuss your specific case and circumstances. Attorney Hallie Zobel is a member of the firm’s Estate Planning Practice Group. Contact Attorney Hallie today at email@example.com give her a call, at 407-647-7887.