A great many “snowbirds” come to Florida once they retire. They spend half their time in Florida and half their time in the northern state they came from. Often, they have two houses where they reside, or a house and a condo in Florida. Regardless of what you own, if you have a property in both states, you should consult with an estate planning law firm in Tampa, FL.
Retirees Should Already Have an Estate Plan
It’s recommended that by the time you hit midlife, you should already have a will and/or an estate plan. By the time you retire, you will probably have enough assets and wealth to disburse to your heirs. Owning two residences means that you should have already met with a lawyer some time ago. If you haven’t, an estate planning law firm in Tampa, FL can help.
Leave It to Your Spouse, or Leave It to the Kids?
If your spouse is still living, you will need to decide if you are going to leave the house to him/her. It’s something a lot of spouses talk through before they visit an attorney, but you can discuss the benefits and drawbacks of leaving both houses to your spouse. Your spouse should also have an estate plan if you both pass away within a short time of each other.
If you have children, you need to decide if anything will be left to them. If there are any contingencies, let the lawyer know. Contact Berry Greenberg Law at https://barrygreenberglaw-tampa.com.
