Key Takeaways:
Yes, listing all of your assets ensures that distribution is done in accordance with your wishes and in a timely manner. If anything is left out, your estate may go through the probate process, which many people want to avoid due to time constraints and privacy. A full inventory provides your loved ones with clarity while preventing the possibility of court complications in the future.
Many people miss digital accounts, jointly owned property, insurance policies, and other similar assets. Others may assume everything automatically transfers, which can lead to probate delays. A complete and continuously updated list helps avoid confusion and legal obstacles down the road.
A will attorney always asks the right questions to uncover overlooked assets. They also meticulously evaluate all property to ensure everything is legally accounted for. This helps make the process streamlined and keeps your estate out of unnecessary court disruptions. Given that many people tend to diversify their property as life goes on, it is always beneficial to have a professional third party accuracy and clarity.
Do you have questions surrounding long-term care and will planning in Florida? The Law Firm of Myrna Serrano Setty, P.A. is pleased to provide you with comprehensive insight aimed at promoting your legal, financial, and personal goals.