352-204-2224

Lauren N. Richardson, Attorney at Law

2700 NW 43rd Street, Suite C

Gainesville, FL 32606


Disclaimer: The hiring of a lawyer is an important decision that should not be based solely upon advertisements. This web site is designed for general information only, and Lauren N. Richardson, Attorney at Law, does not offer any warranty or representation as to the site's accuracy or completeness. Every legal situation is unique and no information offered here should be used without the advice of an attorney regarding your specific situation. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Email or phone inquiries do not establish a lawyer/client relationship. No lawyer/client relationship is established until a retainer agreement is executed.

©2016 by Lauren N. Richardson, Attorney at Law. Proudly created with Wix.com

Newlywed Estate Planning To-Do List

February 22, 2018

After getting married, newlyweds often don’t recognize estate planning as being a priority. However, because a big lifestyle change has taken place, the couple must be practical and think about the importance of preparing for unpredictable circumstances. Below are four priorities to put at the top of your to-do list after saying ‘I do.”

  1. Create a Will

    • Assets that aren’t transferred by ownership, beneficiary designation, or trust are distributed according to the terms of a will. If you don’t have a will, assets transfer according to the laws of the state of Florida.

  2. Draft a Living Will

    • A living will specifies to medical professionals as well as your family members what end-of-life (EOL) treatments you want to receive and under what conditions you want to receive them.

  3. Designate a Power of Attorney with Health Care Powers

    • A Durable POA gives you the opportunity to choose who will be able to make financial decisions on your behalf and follow your wishes. An advance healthcare directive identifies the proper steps to be taken if you can no longer make your own health decisions due to incapacitation or disablement. It is ultimately used to acknowledge your wishes and prevent unwanted medical treatment. These documents must be clear and properly written while also meeting all the legal requirements.One misconception about advance directives is that they are only important when you’re older. Even if you are young and healthy, you should still complete advance directives.

  4. Beneficiary Designations

    • Assets pass to the individuals designated as beneficiaries on certain contracts or accounts, such as life insurance policies, 401(k) plans and IRAs.

 

 

 

Sources:

https://personal.vanguard.com/pdf/a111.pdf?2210070723

 

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags