The end of a marriage can have serious financial ramifications. An individual may lose property that he or she owned prior to marriage due to commingling those assets with marital property, and he or she may be concerned that he or she may even lose out on a fair share of those marital assets. Long-term obligations, such as alimony, may be ordered, too. In the end, one's financial position post-divorce is dependent upon the facts of the marriage and the arguments presented during negotiations and litigation. This uncertainty can cause an enormous amount of stress.
The estate planning process is often seen as being reserved for those who have families. After all, assets are usually left via will or trusts to spouses and children. Yet, the truth of the matter is that estate planning can be beneficial for everyone in Florida, even those who are single and without children. We hope this blog will help shed some light on the estate planning tactics that can prove helpful to those who may think that they can forego this important process.