Estate Planning Can Benefit Those With Modest Income In Florida

Many consumers neglect to create an estate plan because they believe planning an estate is only beneficial for those who are wealthy. They believe this because the current estate tax laws only affect a small percentage of the wealthiest in Florida and elsewhere. However, estate planning is not only designed for wealthy people to avoid estate tax, it can also be beneficial to those who are not wealthy and make a modest income.

Most Americans do not have any estate plan in place. Approximately 55 percent of Americans have not even created a last will. This could leave their…