When a Florida resident decides to take control of their estate plan, the first order of business very often is drafting a will. A well-written will can be an excellent estate planning tool by itself, and it can provide a firm foundation for trusts and other estate planning tools that a testator may choose to use. A will is a very powerful document, however, and because of this the writer of a will must observe some formalities under Florida law in order for the will to be deemed valid.
A holographic will is one in which the creator of the will composed the document in their own handwriting. Holographic wills may have once served the purpose of allowing individuals to put their testamentary intentions down on paper even if they could not fulfill the formal requirements of executing formal wills. However, in Florida holographic wills are not recognized and all wills, even those written out by their creators, must meet the formal requirements of the state's laws.
Folks in Winter Haven know that a will is the primary tool used to dispose of a testator's estate after their death. But how does one create a will? Are there any formalities that have to be done to ensure that a will is recognized as valid? This blog post will describe some elements that must be present in order for a will to be recognized as valid.
Depending on their needs and assets, couples in Lakeland have a number of estate planning options open to them. Wills, trusts and health care directives are all possible options, and an estate planning attorney can work with a couple to set up a robust estate plan. This blog post will discuss one possible option: a joint will.
Many people in Polk County are probably familiar with the usual process of creating a will. The testator, often with the help of an attorney, draws up a will and signs it in the presence of witnesses who also sign it. One question people may have is whether other forms of a last will and testament are valid in Florida. Specifically, is an oral will valid in the Sunshine State? The short answer is no.
Important technical requirements must be followed for a will to be valid. While technology is progressing forward, and the legal professional is working hard to respond and keep up with the changes, the requirements for a will to be valid may be one area not quite ready for technological advancement. The legal profession has kept pace with technological changes affecting it, such as through online estate planning services and electronic signature and filing options for legal documents. However, at least, for now, technological advancement do not seem to be coming to will execution.
Wills are an important part of an effective Florida estate plan. A validly executed will identifies who will inherit the estate planner's assets. Beneficiaries named in a will may include spouses, children, grandchildren, a charitable organization or others.
When people in Florida pass away they cannot take their possessions with them. Therefore, there are laws in place stating who will receive their possessions after they pass away. However, individuals may want to ensure that certain people receive certain possessions and assets, which may be different from where they would go according to the law. That is why it is very important to draft the appropriate documents to ensure that assets go to where the individual wants them to go.
With technological innovations affecting just about every aspect of our lives, there has been one tool that has been affected like none other. Arguably, that aspect is communication, the way in which we speak to each other and express ourselves. Oftentimes, a will can express our wishes and be used as a communication tool in times where one is unable to express themselves or is no longer with us. So naturally, technology has affected the ways in which one goes about preparing a will.
Thinking about life after oneself can be a heavy and unimaginable idea. The thought of leaving everyone you love in this world is most people's worst nightmare. However, the reality is that we all leave this world at some point in time. Preparing yourself, your family and even your business for that day can be the best thing a person can do for themselves and their loved ones.