More details to this question:
I am 82 year old widowed male. I am renting in an independent senior living facility. I receive SS, VA disability, and income from investments. All of my investments and bank accounts list both of my adult sons (or their children if not living) to each receive 50% as secondary account holders upon my death. Other than house hold items, I currently own a 2010 automobile.
1 ANSWER
Hi Robert,
It is always a good idea to have a will. You can appoint a personal representative to be in charge of your estate. If you die without a will, the Florida statute creates one for you. Florida law kicks in a says how your property should be distributed.
That being said, based on your question, the result will be the same. Everything would be divided equally between your 2 children, whether you have a will or not. Your car is an exempt asset, but it will still have to go through probate so the title can pass to your children. If you want to give your car to someone expressly, you can state that in your will.
I hope this helps.
Dina Arvanitakis, Esq.
Answered on Aug 14th, 2023 at 6:25 AM