What is a Will and why do I need one?
A Will is also sometimes called a Living Will or a Last Will and Testament. Its a legal document that states how you want your assets and wealth distributed after your death. Under California Law, a Will has to be witnessed by two people who are not beneficiaries, or written entirely in your handwriting and signed/dated by you. If you have children, a Will also allows you to nominate a guardian for them in the event of your death.
A professionally drafted and properly witnessed Will is always a better option than trying to go it alone. Charles Payne Law can help you draft a Living Will to properly express your wishes, and minimize the risk that it may be challenged after you're gone. The small cost of preparing a Will is nothing compared to the uncertainty your loved ones may face without one.
A Will needs to go through the probate process, and may not be the best option for you if you own real estate, have small children or heirs with special needs, or have specific directions as to how your wealth will be used after your death. A free consultation with Charles Payne Law can dispel the confusion over Wills, Trusts, and other Estate Planning documents.
If you don't have a Will when you die, the California Probate Code dictates how your estate is distributed. This may not be in line with what you want, and may not be the best outcome for your surviving family.
In summary, a professionally-drafted Will is a legal document that ensures you’re protecting your assets and your family in the event of your death. If you take the time now to express your final wishes, you can ensure those wishes are known and will be respected when the time comes.