Many people make the mistake of failing to create a will, which could cause their family members to lose properties and assets after they pass away in California. The laws in the state decide how your property is distributed if you don’t write a will, which includes your real estate, securities, assets and bank accounts. Any property that you own in another state has to be handled under different laws if you don’t write down any instructions.
The laws vary based on whether you’re married or single. If you’re married, the estate will typically go to your spouse. If you’re single, it will likely go to your parents. Your entire estate might go to the state if you don’t have any family members. The way to avoid the state distributing your assets or even seizing them is to write a will.
How to create a will
If you want to create a will, you’ll want professional help with estate and legacy planning. Decide what you want to include in your will and list at least two beneficiaries. If you have children, pick a guardian to ensure there’s someone who can care for your kids.
It’s important to include a lot of details and avoid being vague with who gets what when it comes to distributing your assets, property and money. You can even attach a letter to the will if there’s more you want to explain or say. If you fail to leave a will or instructions, your relatives might fight over your assets.
Find a safe place for your will to be stored. Inform your relatives where it’s located to ensure that they can locate it once you pass away.
Who can you contact for legal assistance?
When you’re ready to create a will, contact an attorney with experience in estate and legacy planning for guidance through the process. The legal professional may inform you of what details to include in the document to ensure that it’s valid and recognized by the state.