Without an estate plan, probate becomes more complicated. Probate involves investigation into the validity of a will and the identity of the heirs to the estate. With a living trust, the assets funded to the trust bypass probate. Therefore, the heirs do not have the wait the months or years for the probate process to come to completion to benefit from their inheritance. However, even a will, if properly executed, can help simplify the probate process.
Another way in which a will can reduce the negative consequences after one’s death is by designating the inheritor of one’s valuables. This prevents heirs from fighting over assets or disputing what the deceased’s wishes might have been. Additionally, a will prevents loved ones from being unintentionally excluded from an inheritance. Estate laws protect immediate family members but not friends or those in one’s extended family.
As difficult as it may be to face the need for making an estate plan, the fact is that loved ones truly benefit from the foresight of a careful plan. By taking the time to create a will or living trust, Florida residents protect their family members from pain and confusion. An experienced estate planning attorney can provide guidance to anyone who is ready to leave behind such a loving legacy.