There are some people in Florida who take investing at an early age to be an important part of planning for their retirement. In many cases, it is these same people who also believe in getting their estate plan in order prior to retirement as well. If you're one of those people, then today's post is something you'll want to read.
Although there is nothing wrong with getting your estate plan together when you are in your thirties or forties, it can create problems if you do not intend on living here in Florida for the rest of your life. That's because, as our more regular readers know, estate planning laws can differ from state to state. This means that what you plan for here in Florida may not necessarily be the case in other states and vice versa.
That having been said, we'd like to offer an answer to this week's question which is: do you need to change an estate plan if you move to another state?
If you're worried that you'll have to change your entire estate plan, know now this probably won't be the case. Most likely, if you're bringing an estate plan to Florida from another state or taking your estate plan somewhere else, you'll want to make sure that it is in compliance with the state laws where you will be residing and make any necessary changes.
Although it is possible to double check your estate plan on your own, speaking to an estate planning lawyer is considered a better option because they fully understand the applicable laws and have experience updating estate plans. Thankfully, here at Frese Hansen, we are no strangers to this type of issue and can help you get your estate plan where it needs to be before and after you move.