Estate Planning in Miami: GoFundMe is NOT an Estate Plan

You’ve more than likely seen it all too often, a friend passes away and their loved one drops a GoFundMe link into a Facebook post. Usually, a family member or a close friend of the family volunteered to start one. The immediate family members were way too distraught to even think about funeral planning. 

How could this be? Their loved one was alive and well just the other day!!! 

You take a peek at their page to see when they made their last post. You discover it was only 2 days ago. They weren’t even sick!

So, the family member posts. Hoping that friends, family, or ANYONE at this point will contribute money to their loved one’s funeral expenses. 

This is unfortunate for many families across Florida. You do what you have to do in times of financial need. It’s understandable. But, how can this be said, politely? 

GoFundMe is NOT an estate plan. It should not be an option at all. Not even a Plan ‘B’.

Benjamin Franklin said it best: “If You Fail to Plan, You Are Planning to Fail.” 

Daymond John once quoted:

“I don’t want to leave my kids an inheritance, I want to leave them a legacy.”

Some people take his quote literally! Unfortunately.

But, in reality: “A good man leaves an inheritance to his children’s children …” — Proverbs 13:22. 

If you truly care about your loved ones, which you do. Leave them with peace of mind, let that be the legacy. They should have peace of mind knowing that when you are gone, all they have to go through is the grieving process. Not the stress and headache of trying to raise money to pay for funeral expenses.

If you have made it this far in reading, and you’re still not convinced that Estate Planning in Miami is truly necessary. Continue reading…

What is Estate Planning Exactly?

Estate Planning in Miami is the process of creating a plan in advance for how you want your estate to be managed in the event of your incapacity or death. Everyone should have an estate plan, regardless of the size of their estate. Here are three good reasons why you should have one:

#1 Reason: Estate planning can help ensure that your wishes are met. You can use estate planning tools such as a will or trust to express your wishes for how you want your assets to be distributed after your death. This can provide peace of mind knowing your loved ones will be taken care of according to YOUR wishes and not the court of law.

#2 Reason: Estate planning can help minimize the potential for conflict among your heirs. Without a plan in place, loved ones may disagree about how to best manage your estate, which can lead to costly and time-consuming litigation. By having a clear plan in place, you can avoid this potential pitfall.

#3 Reason: You can help minimize taxes and other expenses. Careful estate planning can minimize estate taxes and other expenses, such as probate fees. This can ultimately save your loved ones money and stress at an already difficult time.

For these reasons and more, everyone should have an estate plan in place.

Estate planning is one of the most important steps a person can take to protect their family and assets. While it may be difficult to think about, having an estate plan in place can provide peace of mind knowing that your loved ones are taken care of if something happens to you. 

An experienced estate planning attorney in Miami like Joe Pujol, at Pujol Law, can help you create a plan that meets your unique needs and objectives. 

If you have questions about estate planning or need help getting started, please don’t hesitate to contact us or give us a call at (305) 447-0059. We would be happy to assist you in creating an estate plan that meets your needs and protects your loved ones financially.

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