San Jose Wills Lawyers
California Pour Over Will Attorneys
Wills are perhaps the most widely known component of an estate plan. In essence, a will is a letter to the probate judge. It identifies who is in charge of the estate of a deceased person and how the deceased person wants his or her assets distributed.
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Everyone should have a will. If you don't, the government has one for you. It's called the probate code. If you die without a will (intestate), the government decides what happens to your assets. The probate process can be long and expensive. A significant portion of your estate may be eaten away by the cost of probate. Wills give people an opportunity to make important decisions about their assets and their heirs themselves. Wills do not allow you to avoid probate, but they can make the process faster and less expensive.
If you have minor children, your will contains the name of those who will become legal guardians of your children in the event of your death.
A will names an executor—the person responsible for seeing that your wishes are carried out.
Wills contain a listing of your assets, including the account numbers of your investments and bank accounts. It may describe where important documents are kept, including titles to real estate holdings, birth certificates, marriage licenses, and divorce decrees. Wills also describe how you would like your assets distributed and to whom.
If your estate plan includes a trust, it is important to have a pour over will. This type of will ensures that any assets that you purchased outside the trust should go into the trust upon your death.
If you would like to discuss your estate planning needs, please contact an attorney at Manassau Law Offices in San Jose, California, to arrange a initial consultation. Whether you have never had a will before or if you need to update your will, our estate planning lawyer can help.