Florida residents who are estranged from their family may be interested if a deceased relative left them an inheritance. While an estrangement from a family member like a parent or sibling can happen for any number of reasons, the estrangement doesn't necessarily mean that family has been cut out of the person's will. Individuals do sometimes pass away and leave assets to family members with whom they haven't spoken in years.
Some Florida residents may think that estate planning is only about drafting a will or creating a trust to help dispose of any assets left when a person dies. However, there is a lot more to estate planning. A recent tragic incident helps illustrate why it is important for all persons to have a comprehensive estate plan to help tell family members what to do in an emergency.
Many people want to provide for their loved ones after they die. Financial planners suggest devising estate planning strategies that will allow people to control how their assets will be distributed after they pass away, and Florida residents may wish to take notice of some tips.
People in Florida and elsewhere who are beginning to consider how their assets should be passed along after they die often wonder who to share their thoughts with. Some people may embrace in-laws and others may only wish include children and grandchildren in their estate planning.