Top 5 Reasons To Write A Will In Florida
Monday, January 15, 2018
People often think that you need to be "rich" in order to make a Will. While everyone's situation is unique, there are many reasons why everyone should have a Will.
1. Appoint Guardians and Alternate Guardians for your minor children.
The biggest reason for a young couple to draft a Last Will is to name who will take care of their children, should they pass away.
2. Appoint a Trustee to safeguard a beneficiary's assets.
You can appoint a Trustee to control your child's or any other beneficiary's money until the age you designate in your document. The Trustee can ensure that the money is used for college and other educational expenses, medical needs and the beneficiary's best interests.
3. Appoint a Personal Representative to settle your estate.
A Personal Representative is responsible for gathering your assets, protecting them, paying any creditors and then distributing to the beneficiaries named in the Will. By appointing a Personal Representative, you will have the peace of mind that comes with knowing who will handle your affairs during this sensitive time.
4. Choose how your estate Will be distributed.
A Last Will is a personal document and can be tailored to fit with your exact wants and desires in a clear and concise way. Although it may be tempting to use do-it-yourself forms, remember that your Will is a statement of your final wishes. By having your Will drafted by an attorney, it can help to avoid grueling legal battles over your property and belongings.
5. Not require your Personal Representative to post a bond.
Without a provision in your Will dispensing of that requirement, the Court may order that your Personal Representative post a bond. This is an unnecessary burden for the person responsible for carrying out your wishes.
For an appointment to create your own Last Will, call the Law Offices of Jacobs & Jacobs, P.A. to schedule an appointment in our Vero Beach or Port St. Lucie office. Let our family help your family.