Why Do You Need a Will?

TEN REASONS WHY YOU SHOULD HAVE A WILL

  1. Write a Will or the State of Florida will write one for you. With a Will, you choose your beneficiaries and dictate the terms of disbursement.
  2. Select the person who will handle your affairs.
  3. Create trust provisions for minor persons and young adults. Without a trust, a child can have full access to your assets at age 18, even if he or she is too immature to handle it.
  4. Nominate a guardian for your minor children.
  5. Preserve governmental benefits for a disabled person. You can set up a special needs trust under your Will.
  6. Protect an inheritance against divorce and lawsuits. Under a trust created under your Will, you can create a “spendthrift” provision.
  7. Protect your children’s inheritances from a second marriage. Under a trust created under your Will, you can limit your spouse’s inheritance so that when he or she dies, your children receive the remaining principal.
  8. Special instructions. You can leave burial and funeral instructions in your will and provide that a written list of personal property will be incorporated in your Will.
  9. Make a gift to charity. With a Will, you can leave some money to a favorite charity.
  10. Give yourself peace of mind. You will know that you put your affairs in order and your family will know that you cared enough to do so.

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