A will is a written direction controlling the disposition of property at death. The laws of each state set the formal requirements for a legal will. In Florida, the maker of the will (testator) must be at least 18 years old, of sound mind and the will must be written. Your will must be witnessed and notarized in the special manner provided by law for wills. It is necessary to follow exactly the formalities required by Florida law for the execution of a will.
To be effective, your will must be proved valid in and allowed by the probate court. No will becomes final until the death of the testator, and it may be changed or added to by the testator by drawing a new will or by a “codicil,” which is simply a separately written addition or amendment executed with the same formalities as a will. A will’s terms cannot be changed by writing something in or crossing something out after the will is executed.
Through a will, you decide who gets your property instead of the law making the choice for you.
A trust may be created in your will whereby the estate or a portion of the estate will be kept intact with income distributed to or accumulated for the benefit of members of the family or others. Minors can be cared for without the expense of proceedings for guardianship of property.
Real estate and other assets may be sold without court proceedings, if your will adequately authorizes it. You may make gifts, effective at or after your death, to charity. You decide who bears any tax burden, rather than the law making that decision.
A guardian may be named for minor children.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Legally Speaking: Power of Attorney
A power of attorney is a legal document delegating authority from one person to another.
Why Family Dinners Matter: The Science Of Eating Together
Most families find it difficult to get everyone together at the dinner table on a regular basis.
Do's & Don'ts – Of Giving Your Kids an Allowance
You can teach your kids important money management skills by giving them a regular allowance.
TIPS FOR HELPING KIDS FALL & STAY — ASLEEP
Oddly, most of our understanding of sleep comes not from knowing what happens when we sleep but from noticing what happens when we don’t.
Calling For A Little Peace And Quiet
How time spent alone can foster creativity and independence among children.
What's Happening In Flagler Education?
Pair of Flagler Palm Coast High School Students Semifinalists for National Merit Scholarships
Happy Family, Happy Life
Learn eight simple secrets of happy families
What's Happening In Flagler Education?
State Fire Marshal visits Flagler County Students
Test Anxiety: How to Slay the Dragon
It’s test day, and your little one has a whole list of reasons why he can’t go to school. Tummy ache, headache, too tired…and sadly, the real reason is he’s afraid of the big, scary test he’s heard so much about.
Daily Expressions Of Gratitude Can Boost Mental Health
It’s not uncommon to express gratitude on a day like Thanksgiving, but what should happen if we practice expressions of gratitude everyday such as keeping a daily gratitude journal?