Estate planning sounds like something for the wealthy. The truth, adults of all income levels need an estate plan. An estate plan enables your wishes to be carried out on issues such health care, transfer of assets, and care for dependents. A clear plan will help prevent conflicts and is best made before crisis strikes [&#8230;]

Estate planning sounds like something for the wealthy. The truth, adults of all income levels need an estate plan. An estate plan enables your wishes to be carried out on issues such health care, transfer of assets, and care for dependents. A clear plan will help prevent conflicts and is best made before crisis strikes and emotions run high.
View Hillsborough County Extension videos of local residents sharing estate planning advice <a href="https://www.youtube.com/playlist?list=PLOHNu9vGpEFCvffWe2P_5wJCOBIydID0k" target="_blank" rel="noopener">https://www.youtube.com/playlist?list=PLOHNu9vGpEFCvffWe2P_5wJCOBIydID0k</a>
The level of estate planning will depend on your situation. Common components and reasons for an estate plan are listed below.
Health Care Planning: Health care advance directives provide family and caregivers instructions for situations when you are incapacitated. You can also designate a health care surrogate to make decisions on your behalf.
You can find advance directive downloadable forms at the bottom of this web page <a href="https://www.floridahealthfinder.gov/reports-guides/advance-directives.aspx" target="_blank" rel="noopener">https://www.floridahealthfinder.gov/reports-guides/advance-directives.aspx</a>
Transferring Assets: The first step is to make a list of all assets. Some assets, such as bank and retirement accounts, can be transferred by naming an account beneficiary. Gifting before death, wills, and trusts are also methods to determine who receives your assets.
The Florida Bar online “Consumer Pamphlet: Do You Have a Will” is available at <a href="https://www.floridabar.org/public/consumer/pamphlet011/" target="_blank" rel="noopener">https://www.floridabar.org/public/consumer/pamphlet011/</a>
Designating a representative: A durable power of attorney is someone given the authority to handle financial transactions on your behalf in the event you are not available or incapacitated. This person, is known as your agent and can only handle matters while you are alive. An executor is the person you authorize to handles your affairs after death.
The Florida Bar online “Consumer Pamphlet: Power of Attorney” is available at <a href="https://www.floridabar.org/public/consumer/pamphlet13/" target="_blank" rel="noopener">https://www.floridabar.org/public/consumer/pamphlet13/</a>
Guardian for Children: A guardian for children can be named in your will. Planning in advance will enable you as opposed to the legal system to choose the guardian.
Life Insurance: Term life insurance can be a cost-effective option to provide for dependents when coverage is needed for a fixed number of years. If you need a life insurance policy that will last beyond a fixed number of years, you may want to consider permanent life insurance.
Consider your goals and take one step at a time. Laws can be complex and vary from state- to-state. A consultation with an attorney may offer peace of mind and ensure documents are prepared correctly.
Join us on June 22 from 12:00 p.m. – 1:00 p.m. for a free webinar about estate planning. Information and registration is at <a href="https://ufl.zoom.us/meeting/register/tJYod-yoqTgsE9B1eHRFPWw1X-x3sDsFDFvi" target="_blank" rel="noopener">https://ufl.zoom.us/meeting/register/tJYod-yoqTgsE9B1eHRFPWw1X-x3sDsFDFvi</a>

Estate planning sounds like something for the wealthy. The truth, adults of all income levels need an estate plan. An estate plan enables your wishes to be carried out on issues such health care, transfer of assets, and care for dependents. A clear plan will help prevent conflicts and is best made before crisis strikes and emotions run high.
View Hillsborough County Extension videos of local residents sharing estate planning advice https://www.youtube.com/playlist?list=PLOHNu9vGpEFCvffWe2P_5wJCOBIydID0k
The level of estate planning will depend on your situation. Common components and reasons for an estate plan are listed below.
Health Care Planning: Health care advance directives provide family and caregivers instructions for situations when you are incapacitated. You can also designate a health care surrogate to make decisions on your behalf.
You can find advance directive downloadable forms at the bottom of this web page https://www.floridahealthfinder.gov/reports-guides/advance-directives.aspx
Transferring Assets: The first step is to make a list of all assets. Some assets, such as bank and retirement accounts, can be transferred by naming an account beneficiary. Gifting before death, wills, and trusts are also methods to determine who receives your assets.
The Florida Bar online “Consumer Pamphlet: Do You Have a Will” is available at https://www.floridabar.org/public/consumer/pamphlet011/
Designating a representative: A durable power of attorney is someone given the authority to handle financial transactions on your behalf in the event you are not available or incapacitated. This person, is known as your agent and can only handle matters while you are alive. An executor is the person you authorize to handles your affairs after death.
The Florida Bar online “Consumer Pamphlet: Power of Attorney” is available at https://www.floridabar.org/public/consumer/pamphlet13/
Guardian for Children: A guardian for children can be named in your will. Planning in advance will enable you as opposed to the legal system to choose the guardian.
Life Insurance: Term life insurance can be a cost-effective option to provide for dependents when coverage is needed for a fixed number of years. If you need a life insurance policy that will last beyond a fixed number of years, you may want to consider permanent life insurance.
Consider your goals and take one step at a time. Laws can be complex and vary from state- to-state. A consultation with an attorney may offer peace of mind and ensure documents are prepared correctly.
Join us on June 22 from 12:00 p.m. – 1:00 p.m. for a free webinar about estate planning. Information and registration is at https://ufl.zoom.us/meeting/register/tJYod-yoqTgsE9B1eHRFPWw1X-x3sDsFDFvi

Estate planning sounds like something for the wealthy. The truth, adults of all income levels need an estate plan. An estate plan enables your wishes to be carried out on issues such health care, transfer of assets, and care for dependents. A clear plan will help prevent conflicts and is best made before crisis strikes […]

Estate Planning is for Everyone

Understanding the basics of life insurance is ultimately a tool for financial stability. Life insurance is not something you buy for yourself. You buy it for those who may be impacted financially when you die. Depending on the type of life insurance you purchase, you may reap some benefits from a policy while you are [&#8230;]

Understanding the basics of life insurance is ultimately a tool for financial stability. Life insurance is not something you buy for yourself. You buy it for those who may be impacted financially when you die. Depending on the type of life insurance you purchase, you may reap some benefits from a policy while you are still alive.
Watch this short video to learn more about the basics of life insurance. Then consider incorporating this tool into your financial planning. It is a simple way to protect you and those you care about from loss.
<iframe title="Life Insurance Basics" width="500" height="281" src="https://www.youtube.com/embed/RcacIA35awE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
If you have any follow up questions after watching the video, feel free to contact me or your trusted insurance agent!
&nbsp;

Understanding the basics of life insurance is ultimately a tool for financial stability.  Life insurance is not something you buy for yourself. You buy it for those who may be impacted financially when you die.  Depending on the type of life insurance you purchase, you may reap some benefits from a policy while you are still alive.
Watch this short video to learn more about the basics of life insurance. Then consider incorporating this tool into your financial planning.  It is a simple way to protect you and those you care about from loss.

If you have any follow up questions after watching the video, feel free to contact me or your trusted insurance agent!

Understanding the basics of life insurance is ultimately a tool for financial stability. Life insurance is not something you buy for yourself. You buy it for those who may be impacted financially when you die. Depending on the type of life insurance you purchase, you may reap some benefits from a policy while you are […]

Life Insurance Basics

The question of what happens to the family farm is often riddled with many emotional opinions. So much so that families may not communicate effectively about their wishes or plans. Many life events can change the dynamics of a family farm. Whether marriage, children, divorce, illness, retirement or death, significant events can require a plan [&#8230;]

<figure id="attachment_3764" aria-describedby="caption-attachment-3764" style="width: 300px" class="wp-caption alignright"><a href="http://nwdistrict.ifas.ufl.edu/fcs/2018/01/26/what-will-happen-to-the-family-farm/family-picking-blueberries-at-a-u-pick-farm-photo-taken-on-06-30-16/" rel="attachment wp-att-3764"><img decoding="async" fetchpriority="high" class="wp-image-3764 size-medium lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" width="300" height="200" data-src="http://extadmin.ifas.ufl.edu/nwdistrictmedia/ph-livingwell/2018/01/blue-berries-300x200.jpg"></a><figcaption id="caption-attachment-3764" class="wp-caption-text">Family picking blueberries at a u-pick farm. Credit: UF/IFAS Tyler Jones</figcaption></figure>
The question of what happens to the family farm is often riddled with many emotional opinions. So much so that families may not communicate effectively about their wishes or plans. Many life events can change the dynamics of a family farm. Whether marriage, children, divorce, illness, retirement or death, significant events can require a plan or a change in the transition plan. Planning in advance of a crisis or significant life event increases the chances that the family farm will successfully transition to someone who is ready to carry on the family business. Having a plan also can lead to clear communication that reduces the likelihood of family conflict and stress. Yet, four out of five Florida farmers do not have written estate plans.
You can take steps to protect your family and your family farm by attending the University of Florida IFAS Extension workshop, “Ag Saves: Preparing for Later Life Farming.” This workshop will help you ensure that your wishes are honored when the time comes.
You and your partners are invited to learn together how to:
<ul>
<li>Discuss the future of the farm</li>
<li>Assess your future financial needs</li>
<li>Talk with local experts in financial planning, estate planning, and taxes</li>
</ul>
Join us for this complimentary program on Wednesday, February 21, 2018. Lunch and materials will be provided. Program sponsors include UF/IFAS Extension, U.S. Trust, Pacific Life, and Merrill Lynch.
Registration will begin at 8:30 a.m. Central Time/9:30 a.m. Eastern Time.
Program will begin at 9:00 a.m. Central/10:00 a.m. Eastern and conclude at 1:00 p.m. Central/ 2:00 pm. Eastern.
Register Online: <a href="http://bit.ly/2AOv0JC" target="_blank" rel="noopener">http://bit.ly/2AOv0JC</a>
Registration deadline: February 14, 2018. Choose from 3 Locations in Northwest Florida: 
Okaloosa County Extension Office (host site) 
3098 Airport Road 
Crestview, FL 
850-689-5850 
Jennifer Bearden: <a href="mailto:bearden@ufl.edu" target="_blank" rel="noopener">bearden@ufl.edu</a>
Jefferson County Extension Office (satellite site) 
2729 W Washington Hwy. 
Monticello, FL 
850-342-0187 
Julianne Shoup: <a href="mailto:juliannes@ufl.edu" target="_blank" rel="noopener">juliannes@ufl.edu</a>
Gadsden County Extension Office (satellite site) 
2140 West Jefferson Street 
Quincy, FL 
850-875-7255 
Laurie Osgood: <a href="mailto:osgoodlb@ufl.edu" target="_blank" rel="noopener">osgoodlb@ufl.edu</a>
Register online or contact Kendra Zamojski at <a href="mailto:hughson@ufl.edu" target="_blank" rel="noopener">hughson@ufl.edu</a> for more info.
&nbsp;

Family picking blueberries at a u-pick farm. Credit:  UF/IFAS Tyler Jones
The question of what happens to the family farm is often riddled with many emotional opinions.  So much so that families may not communicate effectively about their wishes or plans.  Many life events can change the dynamics of a family farm.  Whether marriage, children, divorce, illness, retirement or death, significant events can require a plan or a change in the transition plan.  Planning in advance of a crisis or significant life event increases the chances that the family farm will successfully transition to someone who is ready to carry on the family business.  Having a plan also can lead to clear communication that reduces the likelihood of family conflict and stress.  Yet, four out of five Florida farmers do not have written estate plans.
You can take steps to protect your family and your family farm by attending the University of Florida IFAS Extension workshop, “Ag Saves:  Preparing for Later Life Farming.”  This workshop will help you ensure that your wishes are honored when the time comes.
You and your partners are invited to learn together how to:
Discuss the future of the farm
Assess your future financial needs
Talk with local experts in financial planning, estate planning, and taxes
Join us for this complimentary program on Wednesday, February 21, 2018.  Lunch and materials will be provided.  Program sponsors include UF/IFAS Extension, U.S. Trust, Pacific Life, and Merrill Lynch.
Registration will begin at 8:30 a.m. Central Time/9:30 a.m. Eastern Time.
Program will begin at 9:00 a.m. Central/10:00 a.m. Eastern and conclude at 1:00 p.m. Central/ 2:00 pm. Eastern.
Register Online: http://bit.ly/2AOv0JC
Registration deadline: February 14, 2018.  Choose from 3 Locations in Northwest Florida:  
Okaloosa County Extension Office (host site)
3098 Airport Road
Jennifer Bearden: bearden@ufl.edu
Jefferson County Extension Office (satellite site)
2729 W Washington Hwy.
Julianne Shoup: juliannes@ufl.edu
Gadsden County Extension Office (satellite site)
2140 West Jefferson Street
Laurie Osgood: osgoodlb@ufl.edu
Register online or contact Kendra Zamojski at hughson@ufl.edu for more info.

The question of what happens to the family farm is often riddled with many emotional opinions. So much so that families may not communicate effectively about their wishes or plans. Many life events can change the dynamics of a family farm. Whether marriage, children, divorce, illness, retirement or death, significant events can require a plan […]

What Will Happen to the Family Farm?

The determination of the objectives or goals of an enterprise and the selection, through a systematic consideration of alternatives, of the policies, programs and procedures for achieving them.

Planning

Planificación

Setting Goals

Establecimiento de metas

Strategic Planning

Banking and Saving

Money Matters

Banca y ahorro

Family Resource Management

Importancia del dinero

Gestión de recursos familiares

Personal Finance

Economic Success

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Specific events in a person's life that are significant and may require some sociological, psychological or physical change in that individual's pattern of living, such as marriage, divorce, birth of a child, illness, unemployment, bereavement, etc.

Estate Planning

Publications

Estate Planning

Conservation Easements: An Option for Preserving Current Land Uses

Ownership Succession: Plan Now for the Future of Your Land

Estate Planning “Need to Knows” for Military Families

Related IFAS Blog Posts

Estate Planning is for Everyone

Life Insurance Basics

What Will Happen to the Family Farm?

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