We’re here to help you discover all your options and make decisions with confidence.
FREE Ebook: Next Stop: Nursing Home Get My Copy Now!
Medicaid & Elder Law Attorneys | Orlando, FL | Family First Firm

Schedule Your Consultation Today!

(407) 574-8125
Family First Logo

Four Reasons You Need to Plan Now

Get The Legal Help You Need

Four Reasons You Need to Plan Now

October 25, 2019
Geoff Hoatson

When you are sick, at the end of your life, or passed on, the last thing you want is your loved ones dealing with a mess. Planning now will be a gift to those who matter most. Here are four reasons why you need to make your Estate Plan legal:

  1. When you don’t plan you don’t choose. When you pass away without a Will or Trust, the Florida Statutes determine who will receive your assets. For example, if you are not married and don’t have children, everything goes to your parents, if they are still alive. What if you are in a long term relationship? Do you want your partner to get nothing? If you are in a long term relationship with the parent of your child, everything will go to your child and nothing will go to your partner. Is that what you want? Planning allows you to make that important choice.
  2. Guardianships for the assets of children are not ideal. Children can inherit money in different ways. When you pass away without a Will or Trust, your children receive their share outright, with no rules. If they are under the age of 18, the court appoints a Guardian to manage their money. The guardian must report to the court every time they need money to support the child. Also, the Guardian is limited to what they can use the money for. For example, if your child inherits the proceeds of a $250,000 Life Insurance Policy through your employer, the Guardian may not be able to use that money to pay for food and shelter for that child. Fortunately, Estate Planning allows you to plan around this.
  3. Planning prevents fighting. Give your loved ones plans to follow. Estate Planning documents often prevent fighting about who will serve and what you want. For example, do you want to be kept alive on machines while your family fights? Make it legal so no one ends up in court spending time and money fighting over your wishes.
  4. Life changes and so should your plan. It is great if you already have a plan. However, it is important to review your plan with an Attorney every 3-5 years. There will be changes in life and the law and your documents should reflect those changes. Changes need to be formalized to be effective. Writing on the documents can create huge problems and signed letters are not valid. Reviewing your plan with an Attorney is just as important as making one.

Gift yourself some peace of mind and plan now. Call our office at (407) 574-8125 to schedule an appointment with an attorney to get your affairs in order.

Are you a first responder? In honor of National First Responder’s Day on October 28, 2019, first responders receive 10% off of Estate Planning services during the month of October. Schedule your appointment now.

Copyright © 2023. Family First Firm - Medicaid & Elder Law Attorneys. All rights reserved.
The information in this blog post (“post”) is provided for general informational purposes only and may not reflect the current law in your jurisdiction. No information in this post should be construed as legal advice from the individual author or the law firm, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting based on any information included in or accessible through this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country, or other appropriate licensing jurisdiction.
Family First Firm – Medicaid & Elder Law Attorneys
(407) 574-8125
Share This Blog

Our Locations

Orlando Office

Family First Firm - Medicaid & Elder Law Attorneys

1901 W Colonial Dr,
Orlando, FL 32804

Get Direction

Altamonte Springs Office

Family First Firm - Medicaid & Elder Law Attorneys
By Appointment Only

715 Douglas Ave Suite# 40,
Altamonte Springs, FL 32714

Get Direction

Get free legal advice sent to your inbox


The information you obtain at this site is not, nor is it intended to be, legal advice.
You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship

Skip to content