A Will Tampa FL is a legal document that allows you to designate how and to whom your property will be distributed when you pass away. A Tampa Will also allows you to name a guardian to care for your minor children, in case you pass away before your children become adults. If you have given thought about creating a Tampa Will, then you’ve probably speculated about: the types of instructions that you can include, how a Tampa Will becomes valid, and how different assets are distributed upon your passing.
Choosing an Executor or Personal Representative of Your Tampa Will
One of the most important decisions to make when planning your Tampa will is choosing a competent and dependable executor or personal representative. The executor or personal representative is the person assigned with carrying out your estate commands, and managing the estate’s daily affairs to make sure that all estate invoices are paid and assets are disbursed. As you decide on an executor or personal representative, keep in mind that this person should be someone whom you and your heirs trust.
Assets and Other Property
People tend to correlate wills with the instructions for disbursal of a person’s property and assets at the time of death. This is certainly an important constituent of a will, although, there is more to it. As you start to plan your will, keep in mind that some types of property may not be included. As an example, you cannot disburse money that is contained in a joint account; also, life insurance benefits are not typically included in a will (these disbursements typically bypass probate and go to the policy’s heir or named beneficiary).
Guardian for Minor Children
Another critical advantage of having a Tampa Will is the ability to designate a legal guardian to care for your child(ren), if you become unable to do so. This is often an issue that many people choose to avoid thinking about. However, by naming a trusted caretaker for your children, you’re helping to ensure that they will have a comfortable future, even if the worst-case-scenario occurs.
Valid Tampa Wills
State laws vary, so it’s best to speak with a Tampa Estate Planning Lawyer if you have questions about your state’s practices and requirements for wills. In general, you must be of “sound mind” when you created your will, and you must have voluntarily signed it, meaning that no one tricked you into doing so. Two people are usually required to serve as a witness when you sign your will, and if your will violates a law portions of your will can be disregarded, or the entire will may be considered invalid.
How a Tampa Estate Planning Lawyer Can Help
If your Tampa Estate Planning is relatively simple, you may not require a will. However, you should still meet with a Tampa Estate Planning Lawyer to discuss your wish. Additionally, if you have questions, or if your estate is complex, you should speak with a Tampa Estate Planning Lawyer. They can answer your questions and help you to create a suitable will that’s clear in conveying your wishes.