Although no one likes to talk about death, planning for it is the wisest decision you will make.
People may think that only wealthy individuals should have a Last Will and Testament; that’s a
mistake; Everyone needs a will regardless of age or financial status
Death is inevitable. Are your assets and children PROTECTED?
By having a will you have control of what happens to your assets, children, and yourself. By not having a will the law will decide what happens to your assets and children.
The Last Will and Testament is a legal document that controls the disposition of assets, where the testator expresses his/her wishes as to how their assets / property is to be distributed at death. The testator may also appoint guardians to children under 18 years of age.
Under Florida Statutes § 732.102 & 732.103, if there is no Will, then the assets will pass in the following matter:
If the person died without a spouse or children. Then the assets will be distributed in the following manner:
Inheritance |
| If spouse, but no children |
| If spouse and children only from the spouse |
| If spouse and children, but children are from another relationship |
| If children, but no spouse |
Who inherits? |
| Spouse inherits entire estate |
| Spouse inherits entire estate |
| Spouse inherits ½ of the estate and the other ½ is divided among the children |
| Estate divided among the children |
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not in tended to create, and receipt or viewing does not constitute, an attorney-client relationship.