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Did you know?...
A will is a written declaration by which a person can
direct the disposition of his/her property upon death.
In Florida, formal requirements for a legal will are
provided in the laws set by the state under Section 732 of the
Florida Statutes.
In addition to the disposition of property, the
testator (maker of the will) can designate in the will an
individual, bank or trust company who will act as the executor
(personal representative) responsible for managing the estate,
provided that the named representative qualify under Florida law.
Also, the testator may create a trust in a will and
name a trustee; name the bearer of any tax burdens, and designate a
guardian for any minor children. Disposition of some properties may
not be willed due to property rights and interests granted to others
by Florida law.
The testator can change the terms of a will by
executing a codicil, which is a written amendment created following
the same formalities of a will. Upon death of the testator, the
will becomes final.
Within 10 days after being informed of testator’s
death, the custodian of the will must file the original with the
Clerk of the Circuit Court’s Office in the county where the decedent
had resided. Before a will can be administered to dispose of
property, it must be admitted to and proved valid in probate court,
unless it is self-proving. Specific requirements for self-proof of
a will are described under Section 732.503 of the Florida Statute.
A valid and self-proved will requires no further proof and can be
admitted to probate court for administration.
Should an individual die intestate (dying without a
will) or if a will is deemed invalid, Florida law has automatic
provisions that designate the beneficiaries of the decedent’s
property (under the inheritance statute), as well as the manner in
which a personal representative or executor is selected. Florida
law follows a fixed formula in the distribution of property to the
heirs of those dying intestate. If there are no living heirs at
law, the property goes to the State of Florida.
Probate court has jurisdiction over the disposition
of property in accordance with the valid will, or the inheritance
statute, if there is no valid will. A Circuit Court Judge presides
over any probate proceedings.
Non-compliance with the defined laws of Florida in
the execution of a will may invalidate it. Consult a licensed
attorney for questions and legal advice on the proper drafting and
execution of a valid will and/or codicil. |