Currents Magazine June 2016 Currents June 2016 | Page 12

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June 2016

Currents

Same location for 19 years • “S. FL’s finest & friendliest PGA/LPGA Instruction right in your back yard”.

By: Martin Zevin, P.A.

What Are The
Differences Between A
Will And A Revocable
Living Trust?
Many
people
mistakenly
believe that, if they have executed a Florida Will, probate will
be avoided when they pass away.
This is not true.
In Florida, an Estate will go
into probate when a person owns
any property in his or her name
alone without named beneficiaries. For example, if your spouse is
deceased and the deed to your
home is in both of your names,
that home will have to go
through the probate process in
Court when you die. Likewise, if
you have a brokerage account or
bank account in your name alone
with no one named as payable on
death, that asset will also need to
be probated upon your death. If
you have named “Estate” as beneficiary, that account must be
probated.
The main purpose of a Will is
to designate who you want to get
certain assets when you die. If
you die without a Will in Florida,
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