The year of 2013 has ended and we begin a new year. Several clients have called me over the last few months regarding estate planning. The most popular question seems to be: “Should I do a Will or should I do a Trust? The answer in most cases is both. The reasoning is beyond the scope of this page but is described in my Estate Planning blog.
Overall, each client is different and as a result, meeting with an estate planning attorney is both beneficial to the client and possibly the beneficiaries. Let’s discuss the difference between a Will and a Trust.
WHAT IS A WILL?
Essentially, a Will is one of the basic elements of estate planning instruments. In order for a Will to be valid, the Will must be in writing and executed pursuant to section 732.502, Florida Statutes (2013).
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