A Death In Your Family.
Imagine you had a Last Will and Testament (What is a Last Will and Testament?) done many years ago, and then suddenly a beneficiary listed in your Will passes away. Now, who will receive that gift? Will that gift be given to that beneficiary’s children? Will that gift be given to the surviving beneficiaries? Does that gift go to the beneficiary’s spouse? What does your Will say about that gift?
You Recently Got Married.
Assume you had a Last Will and Testament (Which Wills are Not Valid in Florida?) done many years ago, before you were married. Now, you just gotten married and that old Will says nothing about your new spouse. What does your Will say about your new spouse? Most likely nothing because Wills aren’t written with future spouses in mind. So, what will your spouse receive if you pass away without renewing your Will? What does Florida law say?
A Child is Born.
You had a Last Will and Testament executed 10 years ago when you had no kids. Now, a new baby is born. So, does that old Will say anything about your new baby? Does that Will have a Guardian appointed to care for your new baby in case you and you partner are no longer living? Does that Will have a Trustee appointed to manage your baby’s newly inherited assets in case you and your partner are deceased? This scenario has many more questions that you should consider.
You Recently Got Divorced.
Imagine you had a Will done leaving everything to your spouse. Fast forward, now you and your spouse decide to get divorced. Take a look at your Will. How does you being divorced affect your Will? Under your old Will, if your spouse was supposed to receive everything upon your passing, but you are no longer with that spouse and you are still alive, who gets everything? What’s your old Last Will say? What does the law say?
You Move to Another State.
Suppose you were a resident of new York when you had your Last Will done. Years pass and you decide to move to Florida. What does your old will say about that? Is your Last Will and Testament valid in Florida? Does it comply with the Will requirements in Florida? Will Florida recognize your Will?
There Is Much To Consider.
There are many more things to consider. This blog post was only meant to get you to think, but the possibilities are endless. You only get the full picture when you actually speak to someone who has been doing Wills for awhile. That’s why it’s important to speak with an attorney and have them review your Last Will and Testament. The price you pay now pales in comparison to what you (or your family) could pay if things aren’t done right or the way you desire them to turn out.
What If I Have Some Questions About My Old Will Or Want An Attorney To Review My Will?
If you are interested in having your old Last Will and Testament reviewed by an attorney, or would like a consultation to discuss having a Will executed, please give us a call at (813) 897-0295 anytime 24/7 and speak to an attorney. The initial consultation is FREE. What are you waiting for?
