What Is A Will?
A will is simply a document that describes exactly how you want your estate divided up upon your passing. Additionally, a will is the document you use to nominate who you would like to administrator state and nominate guardians of your children.
Who Needs A Will?
Everyone needs a will. Even if you have a living trust or a revocable inter vivos trust you need a will to place any additional assets into your trust if they have been left out of your trust.
What Happens If You Die Without A Will?
If you die without a will, your estate is an intestate estate and your
What Can Or Should Be All Addressed In A Will?
What should be addressed in your will is how you wish for your property to be divided and who should receive your property. You should also will receive the property. You should select who will be the person you trust to administer your estate and whether or not they should post a bond. Finally, you should address who you want to be the guardian of your minor children.
Is There Anything That Cannot Be Included In A Will?
The only thing that really cannot be included in a will are illegal things to be done.
Should A Will Address Incapacity Planning For The Future?
A will does not address incapacitation, that would be done through an inter vivos trust coupled with a durable power of attorney and an advanced health care directive.
Does A Will Address Other Medical Issues?
No will does not address medical issues, medical issues would be addressed in an advanced health care directive.
How Often Should People Review Their Will?
People should check on their will every 5 to 10 years to make sure that no provisions have changed. Additionally, any major life changes such as a divorce, a marriage, acquiring and selling properties and any other major change in someone’s life they should review their will or their estate plan and make sure it is up to date.
Who Are The Necessary Parties Involved In Creating A Will?
The necessary parties involved in creating a will or the testator, that is the person creating the will, and their attorney.
What Happens After Someone Who Has A Will Passes Away?
When someone with a will passes away a probate is opened and the original will is lodged with the court. The process for probate includes notifying all of the beneficiaries or heirs, all of the creditors, publishing notice in the newspaper, the appointment of an administrator, obtaining an inventory and appraisal by a probate referee, paying all of the expenses and allowed claims, and distributing funds to the heirs.
Where Should A Will Be Kept Or Stored?
I’ve heard a safe deposit box is not the best idea. A will should be stored in a safe place, safe deposit boxes are generally inaccessible by other parties upon the passing of a person. The best place to keep a copy of your will or the original is in your attorney’s office, and let your loved ones know where to get a copy of it upon your demise.
How Long Does It Take To Create A Will? Is It Expensive?
Creating a will is fairly inexpensive and it takes anywhere from a couple hours to a couple of weeks depending on the complexity.
What Sets You Apart In Handling Estate Planning Matters In California?
Cianchetta and Associates is uniquely situated to assist people in their estate plans because we are involved in all aspects of ordinary persons finances. We understand the heartbreak of bankruptcy the joys of property ownership, business organizations, contracts, buying and selling properties and businesses and have administered many estates and trusts.
For more information on A Will In Estate Planning In California, a consultation is your next best step. Get the information and legal answers you are seeking by calling (916) 915-8866 today.
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