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Q: Married for the second time (without any dependents or children from my previous marriage) is it really necessary that I prepare a will-in-Florida?
As people age, the chances of becoming disabled are high. Given the case of married couples, who are childless, a will in Florida serves as an agenda of how to manage ones personal affairs, upon the event of disability or mental impairment. While a surviving spouse is entitled to most of the assets (depending on the situation), a will in Florida outlines the contingency plan upon disability.
Fact: When residents neglect to create a will in Florida, a physician, social worker, or attorney can appoint a legal guardian in the event of incapacitation.
To create a checks and balances, appoint two to three people to be the co-trustees. Delegate your spouse, a relative or friend and your attorney. A lawyer can make sure the trust is managed properly in accordance with Florida statutes and probate law, eliminating an legal pitfalls. This assures the added protection that your assets will be managed on your behalf.
Not to mention, when two or more people assume the responsibility it allevatiates the daunting task of executing all the right decisions. diminishing the probability of any errors which can reduce or one’s assets (i.e: taxes). Moreover, as for administering a will in Florida via the appointment of two or more representative, the possibility of asset misappropriation is significantly reduced.
Take away: Single individuals as well a married couples without children require the professional support of an attorney and one or more personal guardians or representatives to complete a will in Florida.