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 Sarasota, FL

What is a Last Will and Testament in Sarasota, 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 Sarasota, FL
Baily, Jay Edgar - Baily & Baily
46 N Washington Blvd # 18
Sarasota, FL 34236
(941) 364-9997
Estate Planning Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorney
Berlin Patten
1819 Main St Suite #1000
Sarasota, FL 34236
(941) 954-9991
General Practice Attorneys, Attorneys, Legal Service Plans, Real Estate Attorneys
Weiner Diana A
100 Wallace Ave
Sarasota, FL 34237
(941) 373-9966
Attorneys, Family Law Attorneys, Labor & Employment Law Attorneys, Corporation & Partnership Law Att
Advocates in Aging Ira Stewart Wiesner
328 N Rhodes Ave
Sarasota, FL 34237
(941) 365-9900
Attorneys, General Practice Attorneys, Legal Service Plans
Bailey Carrie A Attorney
328 N Rhodes Ave
Sarasota, FL 34237
(941) 365-9900
General Practice Attorneys, Attorneys
Family Law Connection Inc
1900 Main St # 302
Sarasota, FL 34236
(941) 952-9899
Divorce Attorneys, Legal Service Plans, Attorneys, Family Law Attorneys
Mcintosh Brett
766 Hudson Ave
Sarasota, FL 34236
(941) 363-9899
Criminal Law Attorneys, Attorneys
Jaensch Immigration Law Firm
2198 Main St
Sarasota, FL 34237
(941) 366-9841
Immigration Law Attorneys, Attorneys, General Practice Attorneys
Carmen R Gillette P
1845 Morrill St
Sarasota, FL 34236
(941) 366-9826
Divorce Attorneys, Family Law Attorneys, Attorneys
Collins Peter
1800 2nd St # 714
Sarasota, FL 34236
(941) 365-9800
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Legal Service Plans,  Bankruptcy Law Att
Lisa J. Kleinberg
2189 Ringling Blvd
Sarasota, FL 34237
(941) 366-9720
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Labor & Employment Law Attorneys,  Divor
Burzynski and Young PA
2180 Main St
Sarasota, FL 34237
(941) 953-9692
Attorneys, Environment & Natural Resources Law Attorneys
Young Elizabeth
2180 Main St
Sarasota, FL 34237
(941) 953-9692
General Practice Attorneys, Attorneys
Boohaker Amy
323 Gillespie Ave
Sarasota, FL 34236
(941) 366-9690
General Practice Attorneys, Attorneys
Boohaker Amy
1800 2nd St
Sarasota, FL 34236
(941) 366-9690
Bankruptcy Law Attorneys
West Iii, John W John W West Iii PA
5602 Marquesas Cir # 212
Sarasota, FL 34233
(941) 953-9600
Estate Planning Attorneys, Attorneys, Tax Attorneys
West John W III PA
2 N Tamiami Trl
Sarasota, FL 34236
(941) 953-9600
Attorneys
Tia E. Werdell, P.L.
2189 Ringling Blvd.
Sarasota, FL 34237
(941) 330-9600
Attorneys, Family Law Attorneys, Divorce Attorneys, General Practice Attorneys
Werdell Tia
100 Wallace Ave # 240
Sarasota, FL 34237
(941) 330-9600
Family Law Attorneys, Attorneys
Perlman Mark
3277D Fruitville Rd Ste 1
Sarasota, FL 34237
(941) 953-9556
Attorneys, Mediation Services, Arbitration Services
Talbot Leslie D
434 S Washington Blvd # 200
Sarasota, FL 34236
(941) 364-9433
Family Law Attorneys, Attorneys, Legal Service Plans
Haynes Joseph
677 N Washington Blvd
Sarasota, FL 34236
(941) 363-9410
General Practice Attorneys, Attorneys
Gensmer Timothy W PA
2831 Ringling Blvd # 202A
Sarasota, FL 34237
(941) 952-9377
Bankruptcy Law Attorneys,  Attorneys,  Foreclosure Services,  Real Estate Attorneys,  General Practi
Cameron Laureen
1800 2nd St # 710
Sarasota, FL 34236
(941) 955-9355
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Traffic Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US