The 3 Major Benefits Of A Proper Will

A proper will can help protect your assets, ensuring that they go to your chosen beneficiaries. This is part of why developing a will is of the utmost importance.

Going over the three major benefits of a proper will, and speaking with a Florida estate planning lawyer will help you develop an estate plan that satisfies your wishes.

Benefit 01: You Gain Control Over Your Assets 

The state of Florida relies on a series of intestacy laws that must be implemented when someone passes away without a will.

Just as an example, if you pass away while married, and you have several children, your assets will be split between them as per Florida’s intestacy laws.

On its own, the above may sound fine. But, if you were married, yet separated, and want to give all of your assets to your children, this would not be the ideal outcome. Your assets would go to the wrong person, due to Florida’s laws.

To ensure that your assets go to the beneficiaries of your choosing, you must develop a proper will. Right within your proper will, you can choose the exact beneficiaries your assets will go to. 

Benefit 02: You Can Appoint Guardians For Those In Your Care 

You may be taking care of a grandchild. Or, some other individual who, for whatever reason, is unable to take care of themselves without your guardianship.

In the event that you pass away without a will, the individuals in your care will be appointed a guardian. This guardian will be appointed by the court and they may not be the guardian that you would choose.

By naming a guardian in your will, the individual in your care shall enter the care of that guardian. There won’t need to be any protracted guardianship disputes.

Benefit 03: You Clarify Your Wishes To Avoid Conflict 

Your family members have their own ideas regarding the assets in your possession. These ideas may conflict with your own ideas. And, if your family members are unsure of what will happen to those assets, there could be conflict.

You can use your will to clarify all of your asset-related wishes. And, assuming your will was developed in the proper manner, the court will honor these wishes.

A good example of the above is as follows: if you want to give your car to your daughter, your daughter can be made aware of that. But, if you don’t have a will, your family members may be left in the dark.

On top of that, if you promise certain assets to particular family members, but never develop a will that encompasses these wishes, those wishes are unlikely to be granted. This is because Florida relies on its own set of intestacy laws. 

Speak With A Florida Estate Planning Lawyer Today 

If you want to develop a will that satisfies your wishes, you should work with someone who can help. Speak with a Florida estate planning lawyer at the Millhorn Elder Law Planning Group today and we will help you develop a will that satisfies your estate planning goals. 

Sources: 

law.cornell.edu/wex/will

leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0732/0732.html