Who needs to do estate planning?
If estate planning is really more aptly described as planning for one’s death, disability and incapacity, then every adult would benefit from some form of estate planning. The goal is to protect a person, his or her assets and family when a person faces these difficult times in life. If the saying is true that “nothing in life is certain but death and taxes”, then estate planning is crucial since it deals with both death, taxes and much more. Most stages of adult life raise concerns which can be addressed through estate planning. Younger adults sometimes express the belief that they do not feel a pressing need to engage in estate planning since they are at an age when death and disability seem remote. However, young adults who marry and especially those who have minor children at a minimum need a Will to designate a legal guardian for their children. If both parents died and had no Will, the State of Florida would determine who would get custody of their children. If a person owns a bu
