Most think if they don’t have a lot of money or assets they don’t need a Will. This could not be further from the truth.
A common misconception is that if you don’t have a lot of money or assets then you don’t need a Will. This could not be further from the truth, especially if you have minor children.
A Will is an important legal document which not only specifies who will receive your assets at the time of your death but it also appoints the guardian for minor children. The Will also appoints the Trustee that will manage the assets for minor children. In Florida, the age of maturity is 18. Most parents do not want their child to receive all of their inheritance at 18. A Will can establish a trust for that child until any age you designate such as 25, 30 or even older.
A Will is a document everyone should have properly drafted by an estate attorney to ensure that your wishes and intentions are carried out after death. Otherwise, Florida law will dictate what happens to your estate, which in most cases does not always match a person’s wishes.