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Updating Your Will after Moving to Palm Beach County and the Treasure Coast

On Behalf of | Jun 18, 2024 | Estate Planning

If you’ve recently moved or you’re planning a move to Palm Beach County and the Treasure Coast, Florida, it’s essential to assess and potentially update your Last Will and Testament to ensure it complies with the laws of Florida and accommodates any changes in your life circumstances. Here’s why and how to update your will for a move to these vibrant regions:

Why Should I Update my Last Will and Testament?

State-Specific Laws: Every state, including the Sunshine State, has its own set of rules and procedures governing wills and probate proceedings. By updating your will, you ensure it complies with Florida’s legal requirements, considering any unique provisions that may apply to residents of Florida and, more specifically, the areas of Palm Beach County and the Treasure Coast.

Life Events: Relocation often coincides with significant life changes such as marriage, divorce, birth of children, or acquiring new assets, including the purchase of a new home. As such, it is important to review and update your will to reflect these changes and ensure your estate plan accurately reflects your wishes as you start anew in Palm Beach County and the Treasure Coast.

Tax Implication: Florida’s tax laws may differ from those of your previous state, potentially impacting your estate planning strategies. For example, Florida does not have any estate or inheritance tax, as opposed to some other states in the country. Updating your will enables you to consider any tax implications specific to Florida and make informed decisions to optimize your estate plan accordingly.

How to Update your Last Will and Testament?

Consult an Attorney: You should seek guidance from a knowledgeable estate planning attorney licensed in Florida and familiar with the laws applicable to residents of Palm Beach County and the Treasure Coast. Our firm, as well as many other great firms located in the area, can provide personalized advice tailored to your specific situation, ensuring your updated will meets all legal requirements and addresses your unique needs in your new community.

Review Beneficiary Designations: In addition to updating your will, review the beneficiary designations on your retirement accounts, life insurance policies, and other assets. Ensuring consistency between your will and beneficiary designations helps avoid conflicts and ensures your assets are distributed according to your wishes.

Execute the Update: Once your new will is drafted, it must be signed in accordance with Florida’s requirements. Florida law requires the signing of the will in the presence of at least two witnesses, who must also sign the document. It is also highly recommended to sign your will in front of a notary, which will make it easier for your loved ones upon your passing.

Conclusion

Updating your will before or after a move to Palm Beach County and the Treasure Coast, Florida, is an important, proactive step that ensures your estate plan remains current, legally enforceable, and aligned with your wishes as you embrace the opportunities and adventures awaiting you in your new homes. By consulting with an experienced attorney and taking the necessary steps to update your will, you can gain peace of mind knowing that your loved ones will be taken care of according to your intentions in your new Florida home. Contact our firm anytime at 561-760-9121.