As technology increases and increasingly changes, there are many things one must do to adapt to these changes. Drafting a will and estate plan in Florida is no exception.
In many cases, bank accounts and other assets are no longer simply on paper; many are kept electronically and password-protected. If your loved ones do not know the passwords you use to these accounts, then it could become an issue and delay in the probate process when you pass away.
If you keep most of your records electronically, then it may be a good idea to include those passwords in your Florida will or Florida estate plan, or at least include a provision in the will that will allow your loved ones access to this information during the probate process. An experienced estate planning attorney can assist you in the proper way to include this information so that your loved ones will have access to it after you pass away, but so that the information will still be kept secure while you are alive.
In addition, many individuals change their passwords often. If you currently have your passwords in your Florida will or included in your estate plan, but they have changed, then an experienced estate planning attorney will be able to direct you as to how to make this change properly.
Some states will allow for hand-written wills, referred to as holographic wills, but this is not the case in Florida. Although you may want to include something as a provision in your will, if it does not follow the requirements of the Court, then it may be deemed inadmissible and those wishes may not be adhered to during the probate process.
If you do not currently have a will, or if your current will needs to be updated, then contact Boyer Law Firm’s estate planning attorneys today.