LAST WILL AND TESTAMENT
I. Overview of a Last Will and Testament
A Last Will and Testament is an estate planning document drafted with the intent of making your wishes known regarding the distribution of your property and assets in the event of your passing.
If you pass away without a Last Will and Testament, your estate will be divided and distributed per State law, which may differ from your plan and wishes.
There's a common belief that if you have a Last Will and Testament, your estate does not pass through probate. However, if you have a Last Will and Testament, your assets or property will still go through the probate process (unless otherwise devised through a Trust or specific type of deed), but your “Will” determines who will receive those assets as opposed to the Florida Statute.
II. Reasons for Creating a Last Will and Testament
You do not need to be wealthy to have a Last Will and Testament. To family members, even the smallest of things in your estate may be of great sentimental value. Some people have personal effects that remind them of a loved one. They may want those objects to go to a specific person because of the memories and joy they gave them while living.
Last Will and Testaments are not just for you, but those who you love as well.
III. Benefits of Creating a Last Will and Testament
Utilizing a Last Will and Testament to provide your family with proper direction for the distribution of your property and assets may significantly reduce the chances of family disputes and litigation regarding your estate. The more detailed you make your “Will,” the better.
A Last Will and Testament may be as detailed or as simplistic as you deem necessary. It is also a way to defer the distribution of assets or property designated for a specific family member. For example, you may set a condition stipulating that the Last Will and Testament will not be executed (or take effect) until the beneficiary reaches a predetermined age.
IV. Contact Us
Call Attorney Kimberly Soto at 321.972.2279 to discuss your Last Will and Testament and Estate Planning legal needs. The Soto Law Office, P.A. is a dynamic and trustworthy law firm serving the Last Will and Testament / Testamentary Will and other Estate Law legal needs of those in Central Florida. Our exceptionally talented team listens, cares, and provides excellent client service to achieve remarkable results for our clientele in Altamonte Springs, Apopka, Casselberry, Longwood, Ocoee, Orlando, Orange County, Osceola County, Lake County, Seminole County, Volusia County, and throughout Central Florida.