Florida allows a person making a will (“the testator”) to attach a “separate writing” to his or her will to devise (give away) his or her tangible personal property. Lawyers refer to these writings as personal property memos.
These personal property memos are ideal for giving away small, valuable, or meaningful items. For example, Mom has some valuable jewelry she wants to leave to her children. On Mom’s personal property memo, she can write that she wants Child #1 to have all her diamonds, and she wants Child #2 to have all her pearls.
There are some requirements of a personal property memo. First, the personal property memo has to be signed at the bottom by the testator. Second, the testator has to describe each item with reasonable certainty so the personal representative knows which item the testator is referring to. Third, the testator has to describe the person that want to receive the item with reasonable certainty so the personal representative knows who is supposed to receive the item.
Personal property memos are very handy because they can be changed as many times as the testator wishes. The testator can rewrite his or her personal property memo with no effect on the will. However, if the testator wants to make a change to the will, the will has to be amended or changed entirely.
For more information on Personal Property Memos In Florida, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (727) 827-7777 today.