It is crucial to make your heirs and family are aware of the
fact that there are documents in place and where these documents can be
found. Having your Florida estate planning documents prepared is the first step, and once you have made the call and scheduled a consult with an Atlantic Beach Estate Planning Attorney, you are sure to feel good about it.
There are more than 10 states investigating whether insurance companies are failing to pay out unclaimed life insurance policies to beneficiaries. Insurers are claiming that under policy contracts, they aren’t required to determine whether a policyholder is still alive, but rather they pay a claim when beneficiaries come forward.
If you don’t keep your estate planning and other important documents organized, and if you fail to disclose the location of these papers to a trusted family member or friend, the financial consequences can be considerable.
According to the National Association of Unclaimed Property Administrators, state treasurers currently hold approximately 32 billion in unclaimed bank accounts. Don’t let your hard earned assets be given to the state, inform your heirs and beneficiaries that your estate planning documents exist, and where they can be found.
To see if you have unclaimed treasure in Florida, go to the Florida Treasure Hunt website.
Take the time this summer to consult with an Atlantic Beach Estate Planning Attorney who will give you advice as to the estate planning documents that are best suited for you and your family, as well as recommended ideas as to where to store these documents.