Wills, will, estate planning, living will, trusts, living trust

Resources & Research

Courts

Site Directory

Wills

This information was provided by Richard H. Hallstrom, Attorney At Law, for Plan-My-Estate.com.

A will is a traditional legal document which is effective only at your death to:

Name individuals (or charitable organizations) to receive your assets upon your death (either by outright gift or in trust)
Nominate an executor, appointed and supervised by the probate court, to manage your estate, pay debts and expenses, pay taxes, and distribute your estate in an accountable manner and in accordance with your will
Nominate the guardians of the person and estate of your minor children, to care and provide for your minor children
Assets or interests in property in your name alone at your death will be subject to your will and subject to the administration of the probate court, generally in the county where you reside at your death.

Click here for Frequently Asked Questions about Wills from the California State Bar Association.

Advantages of Having a Will

Power to dispose of property according to testator's wishes.
Appointment of guardian for minor children.
Appointment of executor.
Permission to the personal representative (executor) to carry on business, sell assets, make tax decisions.
Allocation of death taxes in best way.
Elimination of bond of personal representative (executor or administrator).
Creation or exercise of powers of appointment.
Permits gifts to certain relatives, individuals, or charities, none of which are covered by intestancy laws.
Tax saving though marital deductions.
Providing for descent of property for children of those who die before testator.
Establishing testamentary trusts with spendthrift clauses to protect beneficiary against his of her improvidence.
Keeping property out of hands of future spouse of a suvivor.

LEGAL DISCLAIMER:The information provided at this web site is advertising material and is for general information purposes only. The material on this site does not constitute legal advice. DO NOT act upon this information without first consulting an attorney. No Attorney-Client relationship is formed unless agreed to in writing.