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!
 
 

What is a Last Will and Testament in Northridge, CA

What is a Last Will and Testament in Northridge, CA

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
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 Northridge, CA
Lien Medical
9010 Corbin Ave # 16
Northridge, CA 91324
(818) 576-9033
Collection Law Attorneys
Nosrat, Rad, & Associates
8619 Reseda Blvd Ste 301
Northridge, CA 91324
(310) 571-8777
Bankruptcy Law Attorneys, Attorneys
Nash Larry L
19355 Business Center Dr
Northridge, CA 91324
(818) 993-8522
Attorneys, General Practice Attorneys
Joel S. Seidel
9939 Louise Ave
Northridge, CA 91325
(818) 832-7850
Family Law Attorneys, Attorneys, Legal Service Plans
The Mandell Law Firm
19400 Business Center Drive, Suite 102
Northridge, CA 91324
(818) 886-6600
Personal Injury Law Attorneys, Wrongful Death Attorneys, Product Liability Law Attorneys
Volchok Volchok & Zayon
8727 Tampa Ave
Northridge, CA 91324
(818) 993-6557
Divorce Assistance,  Attorneys,  Child Custody Attorneys,  Divorce Attorneys
Verbatim Video Legal Video Productions
9725 Gladbeck Ave
Northridge, CA 91324
(818) 886-5824
Attorneys Support & Service Bureaus
Notary Legal Services
8615 Balboa Blvd Suite 42
Northridge, CA 91325
(818) 683-4746
Paralegals, County & Parish Government, Notaries Public
Kaufman Elizabeth
9045 Corbin Ave
Northridge, CA 91324
(818) 993-4330
Attorneys, Legal Service Plans, Family Law Attorneys, Divorce Attorneys, General Practice Attorneys
King Lien Service
8344 Reseda Blvd
Northridge, CA 91324
(818) 341-3419
Collection Law Attorneys, Collection Agencies
THE DOCUMENT PLACE
8363 Reseda Blvd. #14
Northridge, CA 91324
(818) 527-1700
Divorce Attorneys,  Probate Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Bankruptcy
Universal Immigration Svc
8444 Reseda Blvd # H
Northridge, CA 91324
(818) 772-1525
Paralegals
Nalini Rajani Inc
8444 Reseda Blvd
Northridge, CA 91324
(818) 772-1525
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Susan Wolf
8700 Reseda Blvd Ste 101
Northridge, CA 91324
(818) 886-1291
Bankruptcy Services,  Attorneys,  General Practice Attorneys,  Bankruptcy Law Attorneys
Chris Daniels-
17024 Lassen St
Northridge, CA 91325
(818) 718-1250
Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Civil Litigation & Trial Law Attor
John P Daniels
17024 Lassen St
Northridge, CA 91325
(818) 718-1250
Attorneys, Legal Service Plans
Ready, Set, Served!
8425 Amigo Ave #8
Northridge, CA 91324
(818) 749-0658
Attorneys Support & Service Bureaus, Process Servers
La Familia Service
8700 Reseda Blvd # 101
Northridge, CA 91324
(818) 709-0287
Paralegals, Legal Document Assistance, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US