Video – Joe B. Cox Estate Attorney, Florida – Do You Need a Will?

I spoke with one of our legal experts about how these misconceptions could cost you.

Well, the size of your estate really doesn’t determine whether or not you need a will. It’s really the nature and the title of your assets that you own. For example, if your assets are tied up in your name, at your death, we will have a probate, and therefore, you should have a will. If you don’t have a will, the state of Florida has drafted a will for you that just might not fit what your goals are.

So it’s not the size of your estate– it’s where title to your assets exist. If title to real estate, stocks or bonds or checking accounts are in your name, you do need a will. And once again, if title is in your name and you do not have a will, the state of Florida has kindly drafted one for you.

So bottom line– if you own a home, a car, have a checking account or savings account, or have minor children, you need a will to protect what is yours when you are no longer around to protect it yourself. Have your will prepared now. Don’t wait until it’s too late.

Keeping you informed, I’m Patrick Comer, Your Legal Reporter. If you have any questions you would like some answers on, you can email me at Patrick@yourlegalreporter.com.