Requirements to Draft a Legally Binding WillUnder Section 732.502 of the Florida Statutes, a legally valid Will requires the following:
- The testator's (a person making a will) signature at the end of the Will. The signature can either be by the testator or by a person designated to sign the will at their testator's direction in their presence.
- A witness to observe signing the Will or an acknowledgment of a signature by another person acting on the testator's behalf.
- A witness’s signature in the presence of the testator.
How Can a Will Help My Financial Situation?A Will allows a person to make three fundamental decisions regarding their assets upon their death:
- A Will outlines the division of assets like real estate, bank accounts, and personal belongings amongst family, friends, and charities.
- A Will allows a person to designate an administrator to oversee the distribution of their assets.
- A Will can include the appointment of a guardian for any minor children or other dependents under a person's care.