If you’re new to estate planning in Pasadena, you might be curious about how best to proceed with your process. You might also wonder, “Do I need more than a will?” In California, this is known as a statutory will. However, a fill in the blank form leaves out room for customization and goals in your estate, which is why many people choose to work with a lawyer.
A simple will covers the most basic of estate planning strategies, and that is determining what happens to your property after you pass away. While most people may not have significant assets as part of their estate plan, you may have enough assets to warrant the creation of a simple will. A simple will should always be drafted by a knowledgeable estate planning attorney to reduce the possibility of mistakes, rendering it invalid or challengeable in court. If you have property that you want to be received by specific people in your family or other chosen loved ones, creating a simple will is one of the easiest ways to accomplish this. You may be surprised to learn that in many cases, for example, your pets could be considered property and you may have additional property, such as bank accounts, houses, a car or personal property items that you want to be received by a certain person in your family. Concerns over not knowing where to start is one of the biggest reasons why many people put off the creation of a will. However, this can make things more difficult or delayed for your loved ones when you do pass away because the state must determine what happens to your property. Thankfully, you can easily avoid that by using a simple will to accomplish these goals.
Find a Pasadena, CA estate planning lawyer who can support you.