Pour Over Will Florida
What is pour over will florida?
A pour over will is a legal document that is used in the state of Florida to ensure that any assets or property not specifically mentioned in a person's will are 'poured over' into a trust upon their death. This trust is typically set up to manage and distribute the assets according to the person's wishes, without the need for probate.
What are the types of pour over will florida?
There are two main types of pour over wills in Florida: 1. Simple Pour Over Will: This type of pour over will simply designates that any assets not explicitly mentioned in the will should be transferred to the trust upon the person's death. 2. Conditional Pour Over Will: This type of pour over will includes certain conditions or requirements that must be met for the assets to be poured over into the trust. For example, the person may specify that the assets should only be poured over if a specific beneficiary is still alive.
How to complete pour over will florida
Completing a pour over will in Florida can be done by following these steps: 1. Decide on the type of pour over will you want to create. Determine whether you want a simple pour over will or a conditional pour over will. 2. Gather the necessary information and documents. You will need information about your assets, beneficiaries, and trustees. 3. Consult with an attorney. It is recommended to seek legal advice to ensure that your pour over will is drafted correctly and meets all legal requirements. 4. Draft the pour over will with the help of your attorney. Include all necessary details, such as the assets you want to pour over and any conditions or requirements. 5. Review and finalize the pour over will. Make sure all information is accurate and reflects your wishes. 6. Sign the pour over will in the presence of witnesses. Florida law requires at least two witnesses to the signing of a will. 7. Store the pour over will in a safe place. Inform your loved ones and the appointed trustee of its location.
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