LifeInBonitaSprings.com June 2022 Update: Estate Planning & Real Estate
As a REALTOR® we help people sell their real estate and occasionally that happens after one or both owners have passed. Many times, the owners have not effectively planned for their own passing, and it becomes a very costly and time-consuming venture for their family.
One of the last things most people want to talk about is illness or dying. Sadly, it’s part of life and this is a gentle reminder to take care of business. The right thing to do for yourself and your family is to plan so that if you should become ill, incapacitated or pass away your affairs are in order. Estate planning reduces the stress on your family and heirs and also saves a tremendous amount of time and money. Chris and Angela were jolted to this reality when a close friend, who was too young to pass away, suddenly and unexpectedly died. His affairs were not in order. His children were young adults, barely out of high school, and forced to grow up very quickly. Not only were they in shock and grieving but they were forced to make huge, adult decisions that they weren’t prepared to make.
If you think you don’t have enough assets to worry about or you think that having an estate plan is not for you, you’re could be very wrong. You owe it to yourself to speak with an attorney who specializes in legal matters in the areas of probate and estate administration, trusts & wills. Estate planning is not just for the super wealthy. It’s for the everyday, regular person who cares to make sure their end of days and their estate is handled with expert care and by their own choices set up long before it will be needed.
Typically, the items covered while estate planning include preparation and execution of revocable or irrevocable trust, a will or a pour over will, durable power of attorney, living will, designation of healthcare surrogate, designation of preneed guardian, assignment and warranty deeds and any tax planning. The fees are generally nominal in consideration of the tax savings and protection that these instruments provide to the estate and your family.
Simply put, estate planning is peace of mind for yourself and for your family. It’s a tremendous gift that you can leave as part of your legacy. If you’re ready to make that initial call or if it’s time to update the current estate plan & will we recommend contacting Renee Nesbit in Naples. She has helped with estate planning for a variety of clients and even for Chris. She’s fast, efficient and trustworthy. 239-249-1072. This is not a paid ad. We maintain a list of proven, professional service providers, verified vendors, tradespersons available to you and all of our raving fans upon request.
Bonita Springs Real Estate Statistics
The current absorption rate for Bonita Springs-Estero, Florida homes/condos is 2.5 months. Six months is considered a balanced real estate market. This “seller’s market” is still extreme even though we will have an “off season” summer for the first time in two years. There isn’t a buildup of inventory but there is a little breathing room. Seems that folks are preoccupied with graduations that are occurring in person for the first time in a couple of years. Quality homes priced well and in good condition still sell quickly with multiple offers. Overpriced homes or homes requiring updates spend a little time on market now. Sales will ramp up again around July 4th. If you’d like to learn more about selling your home or purchasing in this swift real estate market, contact Chris or Angela at 239-273-7430 LifeInBonitaSprings@gmail.com
The Downtown Bonita Springs / Riverside Park calendar of events has wrapped up for the season. We’ll assemble the Fall 2022/Winter 2023 calendar in late October 2022. In the meantime, you can keep up with local current events by joining the Bonita Springs Estero Community Forum on Facebook. We have a variety of in person meetups planned over the summer. If you are in the area or looking for a reason to visit your Florida home, save these dates and join us! Event details are posted in the Bonita Springs Estero Community Forum, or you can call or text 239-273-7430 or email LifeInBonitaSprings@gmail.com for more details. You can donwload and print a snail mail version of this newsletter and market report, here.
If your property is currently listed with a REALTOR®, please disregard. It is not our intent to solicit the offerings of other REALTORS®. Equal housing opportunity – we do business in accordance with federal fair housing law.
From our Feb 2022 Newsletter which is snail-mailed to past clients and to those who request. This information is provided as part of an awareness campaign about the downtown Bonita Springs, Florida area. Business owners and community leaders in Southwest Florida are quietly investing in your community. We invite you to remember and support downtown attractions and businesses when you are choosing to spend your time and shared interests with friends and family. ###