Wills and Trusts

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What Happens If I Don't Have A Will ?

The state provides for a set distribution of property for someone dying without a will. It might or might not agree with how you want your property to go at your death. That’s why it’s important to discuss your situation with an experienced attorney.

What is the advantage of a living trust over a will ?

A living trust allows your property to pass to your beneficiaries immediately upon death without the need for probate, which can take months. Why then wouldn’t anyone want a living trust over a will. A living trust takes more effort to set up and maintain. If you set up a living trust you have to convey all your property and accounts to the trust and remember to do the same with additional property you later acquire. Some people prefer the simplicity of a will.

What is the usual cost of a will or living trust ?

Currently the cost of the package including a will, power of attorney, living will and designation of health care surrogate is between $500.00 and $750.00 depending upon the circumstances. Most are closer to the $500.00 range. A living trust is slightly higher. We will be glad to quote you a price after we discuss your situation.

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One of Jacksonville’s most experienced Will and Trust Attorneys

 

Over 30 Years Experience In Wills and Trusts

 

Florida law provides for the passage of property upon death when a person does not have a will. If you want to control how your property passes you should have a document that sets that out. Otherwise state law will dictate how the property passes and that may not agree with what you want.

A will only provides how you want your property to pass at death and whom you want to be in charge of your estate.

Other documents, which should be considered in this type of advance planning include:

 

Living Will

 

– This expresses the desire of the person who signs it not to be artificially kept alive on life support if their condition is hopeless and death would otherwise be imminent.

 

Health Care Surrogate

 

– This is a document which authorizes someone else to deal with medical professionals and make medical decisions for you if you are unable to do so.

 

Power of Attorney

 

– This authorizes someone to act on your behalf in financial matters.

 

Living Trust

 

– This creates a trust during your lifetime into which all your property is transferred with you retaining the right to manage and use it. This avoids probate at your death.

 

We are available to consult with you on how these considerations apply to you.