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Posts tagged "Wills"

What types of wills are valid in Florida?

One of the reasons why individuals draft wills is to list the valuable and sentimental property that they have and to document their wishes for what they want to happen with those assets when they pass away. Florida's intestate succession rules apply in instances in which an individual dies without a will in place. This generally means that a decedent's possessions will generally go to their next of kin unless they have drafted a will that states something else.

Creating your will: A critical part of your estate plan

If you've decided that it's time to write a will, then you're going to want to know all the things you can do to make it easier. Everyone is aware that making a will isn't always the most pleasant thing to do. It draws attention to the inevitable, and it can be uncomfortable.

Complications may arise from do-it-yourself wills

Some Florida residents may think about how they want to provide for their loved ones after they die. There are a number of estate planning options that may help in this regard, including wills, trusts, and powers of attorney. Some people may opt for a do-it-yourself option, downloading pre-printed forms and filling in the blanks in order to create a will. These may be valid, but there are other concerns that may arise.

The importance of beneficiary designations in an estate plan

There are several ways that property can be passed to heirs as part of an estate plan. One way is by joint ownership, which is common with spouses or elderly parents and a child. Other assets may be passed according to instructions in a will. If there is no will, then Florida state law will be followed in determining what happens to assets.

How a trust differs from a will

People in Florida who are creating an estate plan might wonder about the difference between a will and a trust. One of the biggest differences is that a will is not private and generally must go through the probate process. A trust is private, and when a person dies, the property in it goes directly to beneficiaries without having to pass through probate.

Family discussions about estate plans

Some people in Florida are uncomfortable talking to their family members about their estate plans. People should discuss their estate plans with their family members so that they will know what to do when the time comes.

Estate planning in the movies

One common theme in many films, particularly murder mysteries, is a challenged will. While drama over inheritance can make for an intriguing story, the reality in Florida and across the country is more subdued.

Why health care directives are so important

The process of estate planning can seem overwhelming. It can be hard for a person to confront their own mortality and make tough decisions regarding how their family members and assets will be cared for once they are no longer around. However, Florida residents know that it needs to be done.

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