12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Lakeland, FL

What is a Last Will and Testament in Lakeland, FL

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Personalize & Print a Free FL Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Lakeland, FL
Allen & Abaray Attorneys
5835 US Highway 98 S
Lakeland, FL 33812
(863) 669-9999
Criminal Law Attorneys,  Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  G
Kennedy Law Group
422 S Florida Ave
Lakeland, FL 33801
(863) 686-9966
Civil Litigation & Trial Law Attorneys, Attorneys, General Practice Attorneys
Sponsler Bennett Jacobs & Adams
336 W Highland Dr
Lakeland, FL 33813
(863) 644-9911
Corporation & Partnership Law Attorneys, Attorneys, Employee Benefits & Worker Compensation Attorney
Nicklaus Edward R
5130 S Florida Ave
Lakeland, FL 33813
(863) 644-9888
Attorneys Referral & Information Service, Attorneys
Medina Daniel
902 S Florida Ave # 101
Lakeland, FL 33803
(863) 682-9730
Elder Law Attorneys, Attorneys
Brooks Law Group
625 Commerce Dr Ste 203
Lakeland, FL 33813
(863) 937-9219
Social Security & Disability Law Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Lega
Ricardo Santander PA
206 Easton Dr
Lakeland, FL 33803
(863) 937-9175
Corporation & Partnership Law Attorneys, Criminal Law Attorneys, Immigration Law Attorneys, Attorney
Moody Law, PA
1905 U.S. Highway 98 S
Lakeland, FL 33801
(863) 284-9090
Attorneys,  Attorneys Referral & Information Service,  Personal Injury Law Attorneys,  General Pract
McMann, P.A.
3001 Bartow Rd
Lakeland, FL 33803
(863) 393-9010
Attorneys, Family Law Attorneys, Estate Planning Attorneys, Divorce Attorneys
Martinez & Spivack PA
1857 N Crystal Lake Dr
Lakeland, FL 33801
(863) 682-8833
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Real Estate Attorneys, Divorce Attorneys
Martinez & Spivack
122 E Pine St
Lakeland, FL 33801
(863) 682-8833
DUI & DWI Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Real Estate Attorneys,
Spivack Scott K
122 E Pine St
Lakeland, FL 33801
(863) 682-8833
DUI & DWI Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Real Estate Attorneys,
Williams Louis J
59 Lake Morton Dr
Lakeland, FL 33801
(863) 682-8492
Civil Litigation & Trial Law Attorneys, Attorneys
Munson Vining & Midyette Lllp
1611 Harden Blvd
Lakeland, FL 33803
(863) 687-8320
Attorneys, Wills, Trusts & Estate Planning Attorneys, Corporation & Partnership Law Attorneys, Civil
Collins, John P
59 Lake Morton Dr
Lakeland, FL 33801
(863) 682-8282
Probate Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys, Estate Planning, Probat
Collins John P
59 Lake Morton Dr
Lakeland, FL 33801
(863) 682-8282
Estate Planning Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Estate Planning,
Sessums Mark A
2212 S Florida Ave # 100
Lakeland, FL 33803
(863) 646-8181
Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  Legal Service Plans
Harris & Helwig PA
6700 S Florida Ave
Lakeland, FL 33813
(888) 288-8078
Social Security & Disability Law Attorneys, Attorneys, Criminal Law Attorneys, Labor & Employment La
Morrell Eduardo F
187 Lake Morton Dr
Lakeland, FL 33801
(863) 802-8037
General Practice Attorneys, Attorneys
Smith Feddeler Smith & Miles PA
832 S Florida Ave
Lakeland, FL 33801
(863) 688-7766
Social Security & Disability Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Accident
Dale David C
4927 Southfork Dr
Lakeland, FL 33813
(863) 688-7741
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Darby Ben H Jr Atty
200 Lake Morton Dr
Lakeland, FL 33801
(863) 688-7611
Elder Law Attorneys
Christopher S. Ison, P.A.
223 North Florida Avenue
Lakeland, FL 33801
(863) 683-7500
Civil Litigation & Trial Law Attorneys,  Litigation & Tort Attorneys,  Medical Malpractice Attorneys
John Hugh Shannon PA
5115 S Lakeland Dr
Lakeland, FL 33813
(863) 619-7464
Civil Litigation & Trial Law Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US