Estate planning is crucial if you want to ensure that your wishes are carried out in regard to your property when you pass on. At the heart of an estate plan for many people in Florida is the drafting of a last will and testament. There are a number of ways in which a will can be beneficial to you and your heirs in the long run.
A will ensures property is disbursed as you desire
If you die without having undergoing estate planning and making a will or creating a trust, the Florida laws of intestacy determine where your assets go. The primary way in which a will helps you in the long run is that it ensures your property is given to the parties you intend.
A will allows you the ability to select a person to manage your estate
Another reason why a will aids you in the long term is that you have the ability to select a person you trust to oversee and manage your estate after you die. In Florida, the individual named in a will to manage your estate is known as an executor.
A key step you need to take when it comes to estate planning is retaining an experienced Florida attorney. A seasoned Florida estate planning attorney will aid you in determining the best course to take in creating your estate plan. In some cases, this includes the making of a will. In other situations, creating a trust may prove to be in your best interests.