Importance of Having a Will in Florida: Insights from Donohue & Donohue, P.C.
Many people fail to create a will. Some think they don’t have enough assets to warrant a will, while others think that they don’t need one so long as their spouse will inherit everything. Unfortunately, failing to create a will can have drastic consequences for your loved ones.
Many people fail to create a will. Some think they don’t have enough assets to warrant a will, while others think that they don’t need one so long as their spouse will inherit everything. Unfortunately, failing to create a will can have drastic consequences for your loved ones. Here are some of the biggest indicators that you need a will: • You own property – If you own property, you need a will. It is that simple. Otherwise, the State of Florida will decide who inherits your property, which may or may not be the person you wish to inherit it. • You have children – You should have a will if you have children, particularly minor children. In your will, you can designate who you want to be the guardian of your children in the event of your death. If you fail to designate a guardian, the Court will decide who raises your children. • You want to decide who inherits your assets – If you want to decide who inherits your assets, you need a will. Otherwise, your assets will be distributed according to the Florida probate laws, which may or may not be how you want them distributed. • You want to avoid probate litigation – A will can help to avoid probate litigation. If you have a clear and concise will, it is less likely that your family will fight over your assets. If you meet any of these criteria, you should create a will as soon as possible. Don’t wait until it is too late. Contact Donohue & Donohue, P.C. today to schedule a consultation.
