Add Number Fields Legal Florida Pour Over Will Forms For Free

over will can include instructions for what to do with your assets should that happen. So, rather than revising your wills, you decide to create a pourover will. In it, you specify that any assets you and your spouse obtain, that aren't included in your wills, should transfer into the trust upon your death.

Many of the top Jacksonville estate-planning attorneys use a Florida Pour Over Will to compliment a revocable, living, or irrevocable trust. A pour-over will in Florida transfers all of a person's property and assets, that are subject to probate, into the decedent's trust when he or she passes away.

Like other wills, a pour-over will nominates someone to serve as executor of the estate—that is, to wrap up the estate after your death. Normally, the executor's duties include gathering the assets, paying debts and taxes, and eventually transferring the assets to the beneficiaries named in the will.

With a pour-over will, any assets not included in your trust are automatically transferred to your trust after you pass away. Think of it as a kind of “safety net,” capturing any property you didn't transfer to your trust while you were alive.

While a valid will is an essential component of any estate plan because it allows you to control the distribution of your assets upon your death, it is not a means to avoid probate in Florida. A valid will successfully admitted to probate instructs the court on how to distribute your assets after your death.

Probate and Pour-Over Wills in Florida One of the reasons so many people choose to use living Trusts in their estate planning is because of their ability to avoid probate. However, all Wills, including pour-over Wills, must go through the probate process.

To develop a valid will, in the state of Florida, the following requirements must be satisfied: You must be at least 18 years old. You must have either typed, or handwritten, your will. You must sign your will.

I give all of my probate estate, after expenses and taxes are for under this Last Will and Testament, to the then-acting Trustee of the Trust Name, dated Trust Date, and any amendments thereto (the ?Trust?), executed before this Last Will and Testament, to be added to the property of that trust.

A codicil is like a legal "P.S." to your will. To create a codicil, you write down what you want to remove or add to your existing will, sign it, have two witnesses sign it (as you did with your original will), and then keep it with your will. After your death, your two documents will be read and interpreted together.