Without A Will? No Way!

October 28, 2020 | Category: Articles, Estate Planning in Florida

Who Needs a Will?

The simple answer is everyone! However, it is imperative to make a will as soon as you have any real assets, or get married, and certainly by the time you have children.

What If You Do Not Have a Will?

Without a will, you die without a voice. The law of your state then determines what happens to your estate and your minor children. This process, called administration, is governed by the probate court and is notoriously slow, often expensive, and subject to some surprising state laws. It is estimated that more than two-thirds of Americans die without a will. Do you really want a court deciding vital family matters such as how to divide your estate and custody of your children?

What Should Your Will Include?

Your will should be composed of several key points in order to be valid. The following list is a start; our estate planning attorney can provide a more comprehensive list:

  • Your name and address.
  • A statement that you intend the document to serve as your will.
  • The names of the people and organizations (beneficiaries) – who will share in your estate.
  • The amounts of your estate to go to each beneficiary (usually in percentages rather than dollar amounts.)
  • An executor to oversee the disposition of your estate and trustee(s) to manage any trust(s) you establish.
  • Alternates to provide both executor responsibilities and trustee(s).
  • A guardian to take responsibility for your minor children and possibly a trustee to manage the children’s assets in cooperation with the guardian.
  • Which assets should be used to pay estate taxes, probate fees and final expenses.

Contact Us

Douglas Law Firm

Palatka Office

1301 St Johns Ave.,
Palatka, FL 32177

Tel: 386-530-2955
Toll Free: 800-705-5457
Fax: 386-385-5914

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Douglas Law Firm

Orange Park Office

3168 US Highway 17 South,
Orange Park, FL 32003

Tel: 904-671-8395
Toll Free: 800-705-5457

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Douglas Law Firm

St Augustine Office

One News Place, Suite E
St Augustine, FL 32086

Tel: 904-671-8395
Toll Free: 800-705-5457

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Douglas Law Firm

Jacksonville Office

6100 Greenland Road, Unit #603,
Jacksonville, FL 32258

Tel: 904-671-8395
Toll Free: 800-705-5457

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