There are misconceptions that Florida adults and couples without children don’t have as much need for a legal and financial plan for the future. In reality, estate planning is a beneficial step for everyone, including couples who do not have children. This process allows one to have control over his or her assets in the future, as well as important medical and financial decisions. This is not something to overlook.
What should be in an estate plan depends largely on the income of the couple, their plans for the future and objectives regarding their own personal care. Some important estate planning considerations for childless couples include the following:
It is healthy to have a strong estate plan in place, even if a couple does not have children. Childless couples likely have assets and property they wish to control and distribute in the future.
Florida couples who do not have children will benefit from being intentional with naming beneficiaries and updating them as necessary. It may be helpful to speak with an estate planning attorney when considering planning options. This guidance allows one to make choices that will provide long-term security.
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