You have saved up a significant amount of money for your Florida heirs, but you are concerned about their ability to spend their money wisely. For those who stand to inherit property, good financial foresight is a must. That is why about one in three benefactors is drafting an estate plan that will reduce the likelihood of financial mismanagement by their beneficiaries. Benefactors who want to make sure that their estate is handled wisely can take some early action to guarantee success.
First, be sure to communicate your inheritance plan to your beneficiaries. The first time your child or heir learns about an inheritance should not be at the reading of your will; rather, this [..]