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Why you need a will if you trust someone to follow your wishes

On Behalf of | Apr 5, 2024 | Estate Planning | 0 comments

Some people think a will is unnecessary if they trust a loved one to carry out their wishes. However, regardless of trust, a will remains important.

It is a necessary tool for protecting your assets and ensuring that everyone honors your final desires.

Avoids disputes

One compelling reason to have a will in Florida is to avoid potential disputes among family members and beneficiaries. Even with the best intentions, misunderstandings can arise.

By clearly outlining your wishes in a legally binding document, you minimize the likelihood of such disputes. You provide clarity for your loved ones during an already difficult time.

Navigate Florida laws

Florida laws govern the handling of estates in the absence of a will. These laws may not align with your preferences.

Without a will, the state will distribute your assets according to its intestacy laws. By creating a will, you retain control over the distribution of your estate. You ensure that your assets go to the individuals or organizations you choose.

Appoint guardians

A will lets parents of minor children appoint guardians. Without a designated guardian, the court will make this decision, potentially placing your children in the care of someone you would not choose. By naming a guardian in your will, you get peace of mind.

Minimize taxes and expenses

Without a clear plan, your estate may incur unnecessary costs and taxes. This may reduce the amount of assets available to your beneficiaries.

By creating a will, you can make life easier for the people you trust to follow your wishes.