Are there any advantages to having a will over an intestate succession?
Yes, there are several advantages to having a will over an intestate succession in Florida. A will is a legal document that allows a person to designate who their assets will go to upon their death. In contrast, an intestate succession occurs when a person dies without a will, and the Florida law dictates how their assets will be distributed. Having a will can give a person peace of mind that their wishes will be carried out upon their death. With a will, a person can decide how they would like to divide their assets. This could include designating money to someone specific, creating a trust, or donating funds to charity. Having a will in place can also help the surviving family members by reducing conflicts over assets. With a will, the individual’s wishes are made clear, which can reduce the likelihood of disputes. On the other hand, an intestate succession often leads to tension over how assets are distributed, as family members may disagree with how the law states the assets should be split. Additionally, a will allows a person to name an Executor of the estate. This is someone who is responsible for carrying out the wishes outlined in the will. With an intestate succession, a court must appoint an administrator to manage the estate, taking up a great deal of time and legal fees. Overall, having a will in place can provide the creators with peace of mind and can help make the process of asset distribution much simpler for the surviving family members.
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