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Home >> Florida Estate Plans Change Over Time – Part 1

Florida Estate Plans Change Over Time – Part 1

December 28, 2015 by Andreas Kulas Leave a Comment

Florida Estate Plans Change Over Time – Part 1Last week we looked at how average Florida estate plans change over time. This week we are going to continue our exploration of common changes that you will probably need to make as you and your plan gets older.

However, it’s important to note that even if the issues we talk about in these blogs don’t affect you, you may nevertheless need to update or change your estate plan simply because your wishes and desires can change over time. Also, if you find that you have experienced the kinds of changes we have discussed here but have not made the appropriate changes to your estate plan, you need to contact us as soon as possible so we can tell you what you can do to better protect yourself.

Florida estate plans change over time because people have children.

Whether you are single or married, your estate plan will need to change significantly as soon as you have a child. For instance, do you know who would be responsible for taking care of your child if you and the child’s other parent become incapacitated or die? Have you and the other parent spoken about who you would want to become your child’s guardian under these circumstances? Have you come to an agreement about who your choice is, and made backup choices in case your first choice cannot serve?

As a person with a child, your estate plan will need to answer all of these, and many other, issues.

Florida estate plans change over time because people get divorced.

The often–repeated idea that half of all marriages end in divorce is not exactly true, but it does reflect the very real possibility that your marriage might one day end. Should this happen you will need to be prepared to make significant changes to your estate plan. For example, if you have given your spouse the ability to make medical choices on your behalf if you become incapacitated, you will need to decide if you still want to give your ex-spouse this ability. If not, you’ll need to choose someone else, and will likely need to make additional changes because of your change in marital status.

Florida estate plans change because the law is a wildcard.

The laws that govern estate planning can change at almost any time, and can often do so with out much advance notice. Whether it’s from new laws passed by state or federal legislative body, court decisions, or anything else, significant changes to the law will often require you to speak to your lawyer so you can update your plan to better reflect the new legal landscape.

Filed Under: Estate Planning

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"Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family."

Janice M
Client Review
August 25, 2020
    

Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

Krissy L.
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I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

Leo C.
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Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

Mildred W.
Client Review
August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

Joan C.
Client Review
August 25, 2020
    

We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

L.G.K.
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