Name a Remote Contingent Beneficiary-Don’t Give Your Assets Away to the State

If there are no beneficiaries that are legally entitled to inherit from your estate, your assets “escheat” to the state of Florida.  This means that if you are not survived by relatives entitled to inherit from you under the law, or if your will or trust do not name any living beneficiaries, your property is given to the Florida government.  At Lavender Greenberg, we always encourage our client’ to name a remote contingent beneficiary in their wills and trusts, which is an entity or individual who inherits if none of your preferred beneficiaries survive you.  If you have questions, call 786-832-4694 to speak to an experienced estate planning attorney in Miami.

 

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