Every person needs estate planning. The common understanding in today is that only the elderly need estate planning, and that's just not true. Every person who is over 18, who's not incapacitated, needs to have estate planning. The estate plan isn't just about your will. It's also about what are called advanced directives, or those documents that are put in place to avoid guardianship in the event of incapacity. So really, every individual over 18 needs to have a professionally prepared estate plan.
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Michael L. Cahill is an attorney and certified public accountant providing estate planning, probate and tax services in the St. Petersburg, Seminole, Largo, Clearwater and Florida gulf beach communities.