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On November 3rd, 2017

Wills serve important functions for adults of any age

Posted In:
Wills

Some people in Florida might view writing a will as a task for seniors who have accumulated assets. These documents that express a person's final wishes, however, ease burdens on survivors when a person of any age passes away. Wills leave instructions that aid the people left behind who must handle probate court issues.

When a young person attains the age of majority, an estate plan that assigns a parent or someone else the power to make medical decisions reduces legal delays if the person becomes incapacitated or dies. Even the death of a young person with few assets, such as a checking account and a car, requires a probate court to assign someone to oversee the small estate. With a will in place, the probate court will know the person's wishes and not need to make arbitrary decisions.

Upon marriage, a person could use a will to designate who is to receive what assets. These clearly written instructions could prevent fights among a spouse and blood relatives. In marriages that include stepchildren, a will acts as a barrier to conflicting claims among family members. A will can also name a guardian for children. As people age, they should review their wills and update beneficiaries if necessary. They could also consider using trusts to hold or transfer assets.

Estate protection often motivates people to write a will. A person who wants to establish how to distribute assets could consult an attorney. Legal research could also inform the person about tax issues that heirs might face. An attorney might suggest strategies for limiting taxes. Once the client makes decisions, an attorney could write the documents for the plan.

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