Do You Need an Estate Plan If You Don't Have a Large Estate?

Yes, estate planning is important for everyone, regardless of the size of your estate. Florida has laws that apply whenever a person dies without a Will or Trust. However, those laws may not properly protect you, your assets, or loved ones. Even if you have modest assets, a well-structured plan can help ensure your wishes are followed, simplify the process for your loved ones and protect your assets after your passing. An estate plan is even more important if you have specific wishes regarding how you are treated in your final illness or need to provide for a loved one’s care after your passing.