Why do I need a Will?
A will, also referred as a Last Will and Testament, is a legal document that outlines your wishes regarding the distribution of your assets and the management of your affairs after your death. It allows you to specify who will inherit your property, money, and other possessions, as well as who will be responsible for carrying out your wishes (in Florida the appointed person is known as the personal representative).
In a will, you can:
Name beneficiaries: Individuals or organizations who will receive your assets.
Appoint guardians: People who will care for your minor children or dependents if you pass away.
Designate a personal representative: Someone who will be responsible for administering your estate, including distributing assets and settling debts.
Specify funeral and burial arrangements: Your preferences for your funeral or memorial service and how you want your remains to be handled.
Make specific bequests: You can leave specific items or sums of money to named individuals or charities.
Create trusts: Establish trusts to manage assets for the benefit of minors, individuals with special needs, or other purposes.
Under Florida law, any person who is of sound mind and who is either 18 or more years of age or an emancipated minor may make a will. A will must meet certain legal requirements to be valid. Generally, a will needs to be in writing, signed, in the presence of two disinterested witnesses.
Having a will ensures that your wishes are carried out after your death and can help prevent disputes among your heirs. It's an essential part of estate planning for anyone who wants to have control over the distribution of their assets and the care of their loved ones after they're gone.
If you need assistance preparing a will, feel free to contact our office by calling (321) 442-0070 or by email, contact@mmhlawoffice.com. We're here to help guide you through the process and address any concerns you may have.
Disclaimer: This article does not constitute legal advice. Each case is unique therefore schedule a consultation with an attorney for evaluation and advice specific to your situation.