This guide will answer the questions as to whether an individual would need an estate plan and why even those with modest estates need a will.
Why do I need a Will in Florida?
Many people do not believe they need an Estate Plan; especially if their assets are modest or they do not believe they are in the stage of life where estate planning is yet necessary.
Everyone needs an estate plan. Your Florida Will is an essential part of your estate plan. Your Will is a written legal document that specifies how and to whom you want your assets distributed after you are gone.
What if I die without a will?
If you die without a Will (intestate), the State of Florida determines how your assets get divided, and who your beneficiaries will be. A judge then decides who handles the administration of your estate.
If you're like most people, you'll want to plan in advance so that the state doesn't make these important decisions for you!
Can I prepare my own will? I want to do it myself.
Wills must conform to Florida law and must clearly and unambiguously reflect your wishes. While it may be tempting to use do-it-yourself forms, remember that a Last Will and Testament is just that -- it's the last thing you'll do. If a mistake is discovered after your death, you don't get a second chance to make things right! This is not an area in which to be penny-wise and pound foolish.
Why do I need to hire an attorney to prepare my will?
DIY (Do-it-Yourself) wills are a dime a dozen and can be a huge mistake costing your family and loved ones countless years in court, unnecessary taxes and legal fees. Many DIY wills are not executed properly (with correct notarization and number of witnesses) or something is mistakenly omitted- completely invalidating your will. I am happy to speak to anyone interested in learning more.
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