According to www.wikipedia.org, a will and testament is a legal document that expresses a person’s (testator) wishes to as how their property or estate is to be distributed after their death and as to which person or the executor is to manage the property until its final distribution.
Your will and testament will be effective upon your death. There is also what we call a Power of Attorney which is effective during your lifetime allowing you to appoint a trusted person to manage all your financial affairs if you become incapacitated or you are unable to manage your finances on your own. Having an attorney provides beneficial assistance in the long run as well.
Here are some things you should know when creating last will and testament:
- List your beneficiaries
- Appoint an alternative executor
- All your children must be listed
- Appoint an executor of your last will
- You need to have two witnesses when you sign the document
Are you looking for a reliable attorney in Hollywood, Florida? Our firm can provide it for you.
We at THE ADVOCATE CONSULTING LAW GROUP can provide you the best lawyer in Hollywood, Florida. Our wills and trusts are two estate planning tools that we can help you set up to ensure your assets are distributed the way you want, and your heirs’ future is secure.