No matter how much or how little you own, it is likely you have an estate of some kind. It could include your car, your home, other real estate, bank accounts, investments, life insurance, furniture and other personal possessions. And while you may not want to think about this now, planning for the future is critical, especially if you have a family.
Bill Ryals helps people plan for that future through the preparation of wills, trusts, powers of attorney and other vital documents that need to be in place should you become ill, incapacitated or pass away.
While most people, especially younger people, believe estate planning can happen later – when you’re older or retired – the truth is the time to plan is now. We all want to live long and healthy lives but we never know when the unexpected will happen.
A major reason for planning early is making known your wishes about who would become the guardians for your young children if something happened to you. This is not a decision you want to leave to someone else.
It’s often the case that people put off estate planning because they believe they are too young or do not have enough wealth to bother but if you don’t plan, and the unexpected happens, you are leaving your family to deal with issues at what will clearly be an emotionally troubling time.
Another good reason to handle your estate planning now is if you don’t, the state will under Florida probate laws.
People often look at taking the time for preparing wills, trusts and other estate planning documents as a gift to their family. It is relatively simple and Bill Ryals can take you through the process.