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A Testamentary Will, also referred to as a Last Will and
Testament, is an estate planning document which outlines your wishes
relating to your property, assets, investments, or other relevant
possessions in the event of your passing. Many times the language in a
will may differ based upon your family dynamic, such as if you are:
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Married with children;
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Married
with no children;
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Have
children with no spouse;
-
Are single with no
children
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or if you will includes other family members,
charities, business or educational institutions, or other private or
public entities.
In the State of Florida, when an individual passes away, the
deceased is automatically considered to have an estate plan
in the form of existing estate plan documents or by rulings
made by the court regarding your property and assets. In
cases where a Last Will and Testament does not exist The
Florida Intestacy Statute is used by the court to determine
how your property and assets will be distributed, and to
whom.
Having a Testamentary Will is an important tool for any family,
regardless of the size of their estate. It provides the ability to make
sure your family and loved ones are made fully aware of your wishes
regarding your property, assets, and other relevant issues which
otherwise would only add to the hardship of your passing.
As
an experienced Lakeland
Last Will and Testament
Attorney & Lawyer, we proudly serve the Lakeland, Winter Haven,
Bartow, Polk County and the Central Florida area.
Contact
Cohen & Best, P.A.,
about your
Last Will and Testament
or
estate planning questions or concerns
by calling
(863)
646-7636.
Last Will and
Testaments may be a Simple Will, or a Complex Will, depending upon
the issues involved with your estate.
A Simple Will
gives you the tools for identifying heirs, distributing
property, creating trusts, choosing a guardian, trustees and
personal or administrative representatives regarding your estate,
children, other family members, or entities of your choosing.
A Complex Will
addresses the same issues as a simple will, but in a more complex
and detailed manner. Complex wills often address various factors
such as multiple properties or land ownership, investment
portfolios, estate tax planning, administration or creation of one
or more trusts, retirement accounts, business interests, life
insurance policies, and a number of other issues.
Complex wills are not
only for those with large estates, as even the smallest estate may
deal with complex issues.
It is also important
that an individual who moves from one State to another has their
Last will and Testament Documents reviewed to ensure it is in
compliance with that State's Technical Requirements and/or State
Laws. If your Testamentary Will is not in compliance, the Will may
be deemed invalid in your new State.
We urge you to address elder law and estate
planning issues so that your choices are clearly defined relating to
circumstances which may occur while you are living, and in the event of
your passing.
If you require the legal advice and representation regarding
Last Will and Testament
or
estate planning
issues in Lakeland, Winter Haven, Bartow, Polk County and
Central Florida, we urge you to seek the legal advice of an
experienced Lakeland
Last Will and Testament
Attorney and Lawyer. Contact
Cohen & Best, P.A.,
at
(863)
646-7636
or use our
online case
submission form
to schedule a confidential legal consultation.
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