Hire a Skilled Santa Clarita Estate Planning Attorney
The Last Will and Testament is undoubtedly the most well-known estate planning
tool. In California, a will is a document that you can create to provide
instructions on the distribution of your assets and property at the time
of your death. When drafted in a legally sound manner and implemented
in conjunction with a
living trust, this document can provide invaluable assistance to your loved ones when
determining your final affairs. If you are looking to draft a will, a
highly knowledgeable Santa Clarita estate planning lawyer from The Werner
Law Firm can guide you through the process and help you plan for future
Ready to get started? Contact us online
What Does a Will Do?
A properly drafted will can do the following:
- Name beneficiaries
- Establish the rightful heirs to a person’s property
- Establish guardians for minor children
- Name an executor of your estate
It is important to note, however, that your will does not cover everything.
Life insurance, retirement plans, assets held in living trusts, and jointly-owned
property cannot be affected by a person’s will. Your will must be
signed by you and at least two witnesses in order to be finalized in California.
Unlike other states, notarization is not required for a will to be legally
binding. Should you decide to change the terms of your will or desire
to revoke it entirely before you pass away, this can be accomplished by
creating a “codicil” with the assistance of an attorney. A
codicil is a document that allows you to amend or change the terms of
your will and is drafted in a similar fashion.
Why Do I Need a Will?
If you pass away without creating a will, California will handle the distribution
of your estate based on “intestacy” law. In simple terms,
this means that the state will give your property to your closest living
relatives. If you have no living relatives by blood or marriage, the state
will inherit your property. When the state is tasked with handling a person’s
estate, the outcome will oftentimes contradict what the deceased person
would have actually wanted. For this reason, creating a will ahead of
time and periodically reviewing its terms is crucial to ensuring your
wishes are honored.
A Will Alone May Still Require Probate
Note that while a will designates who you want to have as your beneficiary,
having a simple will without a living trust may require your family or
named beneficiaries to go through probate. This can cost them time and
money. For more information, you can read the FAQ page on the difference
between a will and trust, or contact our office for a free consultation.
Plan for Your Future Today – Call (888) 630-9902
At The Werner Law Firm, our firm’s highly trained estate planning
lawyers in Santa Clarita have helped countless clients secure their futures
throughout our more than 40 years of legal practice. Having been honored
with a “Best Of” SCV Award for the past five years in a row,
our experienced legal professionals are equipped with the knowledge to
help you plan for nearly all of life’s “what if” scenarios,
allowing you to face your future with confidence. Protecting the rights
of our clients is our top priority, and we eager to sit down with you
and help you create a custom-tailored estate plan that best fits your needs.
A free case evaluation
awaits – request yours today!