August 2022

When we think of estate planning, we often have in mind the image of an older well-dressed couple situated amidst the trappings of accumulated wealth. Images of winged back chairs in front of the fire or the stately columns supporting the front portico or, perhaps, the charming cottage on the Cape at sunset come to mind. However, reality shows us that this image can easily be replaced with one of a vibrant and savvy single women, who is forging a successful career and celebrating the freedoms that abound in the single life.

While women have come a long way over the past few decades with regard to business and politics, it might amaze you to know that only about one-half of single American women—or any Americans for that matter—have a will or a trust.

Women who have become single by virtue of divorce often leave their estate plan, as previously handled by their ex-spouse, to remain unreviewed by an estate planning attorney and unchanged to accommodate their new lifestyle. This leaves women exposed to a myriad of problems including paying estate taxes that could have been avoided, and having someone other than a first choice administer assets should she become incapacitated or die.

With the help of an estate planning attorney, you can easily put your affairs in good order, have a well-written and well-planned course of action, and then you can take a deep breath and enjoy the peace of mind that comes with the knowledge that your legacy will be carried out precisely to your specifications.

If you are one of said single women, listen up: It’s about time single women took charge of their destiny. Learn more in the full article.

Read the Full Article Here

There is some debate as to whether do-it-yourself wills are legal. However, in most cases, they are considered to be legally binding documents. This means that if you have a will that you created yourself, it can be used to determine how your assets will be distributed after you die. In this newsletter we go over the basics of do-it-yourself wills and how they can be used to create a legally binding document.

What is a DIY Will?

A do-it-yourself will is a document that is created by an individual without the help of an attorney. These types of wills are typically created using online templates or software programs.

While there are many benefits to creating a will yourself, there are also some risks. One of the biggest concerns with do-it-yourself wills is that they may not be valid in all states. Additionally, if your will is not properly executed, it could be challenged in court.

Is a DIY Will Permitted in Florida?

In the state of Florida, do-it-yourself wills are considered to be legal documents. This means that you can use a do-it-yourself will to determine how your assets will be distributed after you die.

However, many experts advise against using a do-it-yourself will. This is because there are a number of complexities that can arise when distributing assets. If you are not familiar with the law, it is easy to make a mistake that could invalidate your will.

What Happens if My Will is Invalidated?

If your will is invalidated, your assets will be distributed according to the laws of intestacy. Under the laws of intestacy, your assets will be distributed to your spouse and children. If you do not have a spouse or children, your assets will be distributed to your parents.

The laws of intestacy can be complex, so it is important to consult with an experienced attorney if you have any questions. An attorney can help you understand how your assets will be distributed if your will is invalidated.

How Can I Make Sure My Will is Valid?

There are a few steps you can take to make sure you have a valid will. First, you should consult with an experienced attorney before you create a will. An attorney can help you understand the risks associated with do-it-yourself wills and ensure that your will is valid.

Second, you should update your will on a regular basis. This is especially true if you experience a major life event, such as getting married or having children.

Finally, you should keep your will in a safe place. You should also give a copy of your will to your executor and any beneficiaries.

For more information about a do-it-yourself will, click below.

Call Doane & Doane to Speak with an Attorney

If you have questions about wills or estate planning, call Doane & Doane today to speak with an experienced attorney. Our attorneys can help you navigate the complexities of the law and ensure that your assets are distributed according to your wishes. Visit our website today to schedule a consultation. You may also connect with us via our contact form.