This book provides a comprehensive overview of what Florida residents should consider when thinking about "estate planning." The concept, "estate planning," is typically thought as death planning or tax planning. This approach may have been useful many years ago when life expectancy was short or the estate tax exemption was low. Today we live longer and estate taxes rarely affect 99% of the population. Therefore, when we talk about estate planning today the focus is more on control of our assets, incapacity planning, accessing to government benefits that may help with long term care planning, ensuring that our money will help us have a decent lifestyle, and eventually plan to leave a legacy to our children.
This book covers the basic concepts such as wills, trusts, power of attorney, etc., how to prepare for an estate planning consultation, what you need to know about costs, and then explains concepts such as probate, guardianships, special needs trusts, Medicaid and Veterans Administration benefits that may help pay for long term care costs.
The book is an essential reading to prepare to effectively discuss your plan of action with your trusted advisors.
We hope you enjoy reading as we did preparing it.