Hurricane Season Is Here :Why an Estate Plan Should Be A Part Of Your Hurricane Readiness KitJune 9, 2020 | Category: Articles, Estate Planning in Florida
In Florida, which has survived more hurricanes than almost any other state, it’s highly likely to be unconcerned even by the largest hurricane. However, things happen, and a well-structured estate plan can help you prepare for the worst.
The aftermath of a hurricane may leave you unable to make your own decisions for your business and assets. Estate Planning allows you to dictate where your property goes, as well as to whom.
-Incapacitation or Death
In the event of a major disaster in which you end up incapacitated, estate planning gives specific instructions on how to handle your medical care and other decisions. Your estate plan contains several important documents to help you, including a durable power of attorney (POA), living will, and healthcare surrogate. A POA appoints a trusted fiduciary to carry out decisions for you in the event that you cannot make them yourself. A living will is a directive that instructs healthcare professionals about your end-of-life decisions, and a healthcare surrogate is a trusted person who will act on your behalf in a medical emergency when you cannot make your own decisions.
-Your Kids and Their Future
Every parent wants to know that their kids will be taken care of if something catastrophic happens. Estate Planning means that you can list your kids as beneficiaries, control who will take care of your kids and where they will go if you pass away while they're underage, and make many other important decisions for their future.
Though you might not think of estate planning as a tool to have in your hurricane survival kit, it absolutely should be. Estate planning protects you and your family in the worst-case scenario, such as a major, life-altering hurricane. Our Estate Planning attorneys are ready to help you get a plan in place! Call us today for a free consultation!