A will is one of the most important documents in any estate plan. Even if a person has a living trust, a pour-over will is still necessary to capture any forgotten or later acquired assets that a person may have at death. If a person dies without ever executing a will, then that person’s assets will be distributed according to Florida law. Often times, this is not what the deceased would have wanted. By executing a will, you control the distribution of your assets upon your death, and can even direct a personal representative to set up trusts to further control distribution of those assets. This can be a very important and effective tool if one is concerned about a beneficiary’s ability to manage those assets once received.
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