Buckner continues its educational series on wills, trusts and other estate planning issues with an explanation on what occurs when there is no will:
The March 2014 version of The Florida Bar pamphlet, “Do You Have a Will?”, explains “if you die without a will (this is called dying “intestate”), your property will be distributed to your heirs according to a formula fixed by law.” Further, your property does not go to the state “unless there are absolutely no heirs at law, which is very unlikely. In other words, if you fail to make a will, the inheritance statute determines who gets your property. The inheritance statute contains a rigid formula and makes no exception for those in unusual need. When there is no will, the court appoints a personal representative, known or unknown to you, to manage your estate. The cost of probating may be greater than if you had planned your estate with a will, and the administration of your estate may be subject to greater court supervision.”
Every week Buckner offers the following deals:
- Wills on Wednesdays: Clients who retain Buckner and pay the initial consultation fee or installment payment on Wednesdays receive a 10% discount on a will package.
- Trusts on Tuesdays: Clients who retain Buckner and pay the initial consultation fee or installment payment on Tuesdays receive a 10% discount on a trust package.
To discuss your estate planning needs, call (+1-954-941-1844) or email (firstname.lastname@example.org) attorney Michael Buckner for a consultation.
Source: “Do You Have a Will?”, The Florida Bar (March 2014), available at: http://www.floridabar.org/tfb/TFBConsum.nsf/48e76203493b82ad852567090070c9b9/a0091ab18d4875d085256b2f006c5b75?OpenDocument