When you execute a will in one state, there may be concerns about whether it's valid or legally binding in another state. Generally speaking, a will is considered valid in another state as long as it was properly executed per state law in the previous jurisdiction....
Wills
What’s the benefit to having a business succession plan in place?
Life is a game of chance. No one knows when their last day will be. If you own a company and something happens to you, your death could throw your business into chaos. This is why you need to have a business succession plan in place to avoid any questions as to who...
How an attorney assesses a testator’s testamentary capacity
For a person to execute a valid will, they must demonstrate that they have testamentary capacity. An individual must be at least 18-years-old to become a testator, or person who drafts a will, here in Florida.That same individual must show that they have the mental...
What should not be included in a will?
Wills are documents created so that a person can make their wishes known. This enables their financial estate to be managed according to their wishes in the event that they become incapacitated or lose their life.If you are considering creating a will, you may be...
What types of wills are valid in Florida?
One of the reasons why individuals draft wills is to list the valuable and sentimental property that they have and to document their wishes for what they want to happen with those assets when they pass away. Florida's intestate succession rules apply in instances in...
Creating your will: A critical part of your estate plan
If you've decided that it's time to write a will, then you're going to want to know all the things you can do to make it easier. Everyone is aware that making a will isn't always the most pleasant thing to do. It draws attention to the inevitable, and it can be...
What does the will abatement process entail?
Generally, many years pass between when a testator drafts their will and their personal representative needs to locate it. A lot can change during that time. A testator's property may decrease or increase in value. They may dispose of or acquire new assets. If there's...
Should you disinherit someone?
As you write your will, are you thinking of leaving someone out, of cutting them out of your estate plan? This is known in legal terms as disinheriting them. Sometimes, it means leaving them out from the beginning when they expected to be included, and other times, it...
Complications may arise from do-it-yourself wills
Some Florida residents may think about how they want to provide for their loved ones after they die. There are a number of estate planning options that may help in this regard, including wills, trusts, and powers of attorney. Some people may opt for a do-it-yourself...
The importance of beneficiary designations in an estate plan
There are several ways that property can be passed to heirs as part of an estate plan. One way is by joint ownership, which is common with spouses or elderly parents and a child. Other assets may be passed according to instructions in a will. If there is no will, then...
