Must I leave something to my spouse and my children in my will? [Plantation Estate Planning Lawyer]

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A "Last Will and Testament" or a "Will" is a legal document that expresses your postmortem wishes. It appoints a personal representative or executor to administer your estate. It designates a guardian of the person and property of minor children. It usually covers burial instructions, funeral expenses and estate tax apportionment. However, it is most commonly understood to govern the transfer of a deceased person's property to his/her designated beneficiaries. The term ""Property"" includes everything you can possibly own, such as cash, stocks, bonds, houses, vehicles, jewelry, artwork, business interests, and even future interests-think Michael Jackson. His estate will be open for a very long time. In other words, property is everything you own, both now and in the future.

*Please note that a will does not avoid probate. A properly drafted and executed estate plan will remove all assets from your name and provide for a smooth transition for your family not only after death (avoiding probate), but in the event you become incapacitated from injury or illness (guardianship). It's a no-brainer for both financial as well as emotional reasons.

No, you do not need to leave any property to anyone. However, In Florida and some other states, you may not disinherit your spouse. At a minimum, your spouse will retain the right to a minimum of 30% of your estate, unless you agree otherwise in a prenuptial or post nuptial agreement.

-Why-

Each interaction with a client presents a unique opportunity for us to prove our devotion to customer service and commitment to helping families and businesses achieve their goals.

-How-

We understand complicated family and business dynamics and exhibit an empathetic bedside manner. Our team approach prioritizes relationships, capitalizes on innovation, leverages technology and focuses on fundamentals. The result is a distinct and refreshing experience that is redefining estate and business planning.

-What-

We work with accountants and financial planners to help families and businesses get organized, protect and preserve assets for generations and leave behind a legacy they can be proud of. Practicing exclusively in the area of estate and business planning, Haimo Law is a boutique law firm that represents clients in preparing wills and trusts, administering estates, addressing business issues and creating asset protection plans and structures.

These videos neither constitute legal advice nor create an attorney-client relationship between you and Haimo Law. For more information, click here: https://haimolaw.com/legal-disclaimer.

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