12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Limitations of a Last Will and Testament in Zip Code 92065

Limitations of a Last Will and Testament in Zip Code 92065


A hundred years from now it will not matter what my bank account was, the sort of house I lived in, or the kind of car I drove...but the world may be different because I was important in the life of a child.
 
- Forest E. Witcraft


Last Wills are a wonderful way of addressing the needs of loved ones in estate planning but not everything can be carried out by your Last Will.

What a will won't do includes the following:

Bequeath Certain Kinds of Assets or Property. You cannot use your will to leave:

• Property that is in the Living Trust

• Life insurance policy proceeds that has a beneficiary in it

• Money in the retirement plan that has beneficiary indicated in its forms.

• Stocks or bonds held in beneficiary and has transfer-on-death or TOD form. If you want to change the beneficiary, contact the brokerage company

• Money in a payable-on-death bank account.

• Joint tenancy. Leaving a property that is not entirely yours but is co-owned with someone else automatically transfers the entire property to the surviving co-owner. Your share that was indicated in your will can only go to it beneficiary if the all owners of the property dies simultaneously.

Direct Funeral Arrangements

It would be wise to make separate documents regarding your wishes and inform your executor its location when needed. It sometimes takes days or weeks for a will to surface after death and memorial services or wishes indicated may not be executed.

Reduce Estate Tax

Having a will won't help evade taxes. If you are expecting your estate to owe federal taxes, start taking steps to decrease your tax liability. In terms of tax bills, there are many trusts that can reduce or for postpone it.

Avoid Probate

Establishing the validity of a will can take months or years of being tied up in a probate court before final contribution of the property commences.

Apply Certain Conditions on Gifts

A gift that is awarded via a will should not contain condition attached like a contingent on marriage, divorce or change of religion of the receiver. You can only include lesser influences like leaving money for a certain person when he goes to college. Making conditional gifts can sometimes open a can of worms because questions will arise as to who will enforce the wills' condition and for how long.

Leave Money for Illegal Purpose

This is a rare situation, but you cannot allocate money for use on something illegal.

Arrange to Care for a Special Need Beneficiary

Long term care for someone with special needs will be better off in a trust that is tailored to the persons' needs. It will not jeopardize government benefits as well as it can provide extra income for the person and its family that can be use in his care.

Leave Money to Pets

Pets should be left to new owners who will take care of them. Leave the money to them to help with your pets' related expenses. Pets cannot own property so leaving property directly to them is not a good idea. Trust are allow in some other states but won't be necessary if you have confidence in the person whom you left your pet(s) with after you pass away.
 
Personalize & Print a Free CA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Zip Code 92065
Mark A Brodka Law Office
29170 Heathercliff Rd
Malibu, CA 90265
(310) 457-9994
General Practice Attorneys, Attorneys
Cohen Susan
303 Twin Dolphin Dr Suite 600
Redwood City, CA 94065
(650) 216-9949
Attorneys
Hadley & Fraulob Law Offices
1876 Bird St
Oroville, CA 95965
(530) 534-9786
Attorneys,  Social Security & Disability Law Attorneys,  General Practice Attorneys,  Legal Service
Rockett III Thomas E Law Offices
10 Pointe Dr, Suite 150
Brea, CA 91765
(909) 396-9600
Personal Injury Law Attorneys, Attorneys, Employee Benefits & Worker Compensation Attorneys
Apger William G
1453 Downer St # B
Oroville, CA 95965
(530) 533-9575
Attorneys, Probate Law Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Re
Dzivi Bartly A-
180 Harbor Dr
Sausalito, CA 94965
(415) 339-9550
Attorneys, Legal Service Plans, General Practice Attorneys
Topform Data
2326 N Batavia St # 105
Orange, CA 92865
(714) 921-9500
Paralegals, Legal Document Assistance
Blasser Law
20955 Pathfinder Rd.,Suite 100
Diamond Bar, CA 91765
(909) 542-9456
Estate Planning, Probate, & Living Trusts,  Bankruptcy Law Attorneys,  Family Law Attorneys,  Labo
Pitts Michael E
333 Twin Dolphin Dr
Redwood City, CA 94065
(650) 620-9435
Attorneys, Wills, Trusts & Estate Planning Attorneys
Aiken Suzan Barrie
1000 Bridgeway
Sausalito, CA 94965
(415) 332-9400
Arbitration Services, Attorneys, Family Law Attorneys
Sobrato Foundation
350 Twin Dolphin Dr
Redwood City, CA 94065
(650) 620-9246
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
James Studer
1420 E Los Angeles Ave Ste 204C
Simi Valley, CA 93065
(805) 582-9191
General Practice Attorneys,  Attorneys,  Bankruptcy Services,  Legal Service Plans,  Bankruptcy Law
Webster & Webster
3743 Railroad Ave
Pittsburg, CA 94565
(925) 439-9181
Attorneys,  Divorce Assistance,  Family Law Attorneys,  General Practice Attorneys,  Legal Service P
James Dunn
303 Twin Dolphin Dr Ste 600
Redwood City, CA 94065
(619) 744-9164
Paul Mammarella
2700 N Canal St
Orange, CA 92865
(800) 951-9067
Foreclosure Services,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Criminal Law Attorneys,  Gen
Jacoby & Meyers-Bankruptcy, LLP
20955 Pathfinder Rd Suite 100
Diamond Bar, CA 91765
(909) 979-9022
Bankruptcy Law Attorneys
Nowicki Edmund M
240 Twin Dolphin Dr
Redwood City, CA 94065
(650) 596-9022
Tax Attorneys,  Attorneys,  Tax Reporting Service,  Taxes-Consultants & Representatives,  Tax Return
Johnson Law Firm
430 Railroad Ave
Pittsburg, CA 94565
(925) 427-9006
Estate Planning, Probate, & Living Trusts,  Personal Injury Law Attorneys,  General Practice Attor
Johnson Law Firm
158 E 6th St
Pittsburg, CA 94565
(925) 427-9006
Estate Planning, Probate, & Living Trusts, Personal Injury Law Attorneys, General Practice Attorneys
Land Wayland
21671 Gateway Center Dr Ste 211
Diamond Bar, CA 91765
(909) 861-8890
Attorneys, Immigration Law Attorneys, Immigration & Naturalization Consultants, General Practice Att
Kraft Marcia L Law Offices
1445 E Los Angeles Ave # 301U
Simi Valley, CA 93065
(805) 583-8800
Attorneys, General Practice Attorneys, Adoption Services, Legal Service Plans
Grathwohl-Rauch & Cohen PC
100 Marine Pkwy Ste 305
Redwood City, CA 94065
(650) 592-8600
Legal Service Plans,  Attorneys,  Probate Law Attorneys,  Landlord & Tenant Attorneys,  Wills, Trus
Beck Devan D
6487 Cavalleri Rd
Malibu, CA 90265
(310) 457-8460
Civil Litigation & Trial Law Attorneys, Attorneys
Republic Document Management
660 N Diamond Bar Blvd # 105
Diamond Bar, CA 91765
(909) 860-8446
Attorneys Referral & Information Service, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US