What happens if you die without creating a will?
Creating a will without a Folsom lawyer for wills is commonly seen as a daunting task. However, having a will is a very important step to ensure that your final wishes are followed if you become incapacitated or upon your death. At Yee Law Group, our team has extensive experience creating wills that represent the wishes of our clients, and we aim to make the process is as easy as possible.
Creating a will should be a top priority at any stage in life, but this isn’t always the case. Many people put off creating a will because they assume they will have more time. Unfortunately, as a Folsom lawyer for wills knows, the future is never certain. A will should evolve throughout the different stages of your life. A lawyer for wills Folsom can offer should help you update your will and keep it current for your situation. If you do not have a will, the process of passing on your assets can become much more complicated.
What happens if you die without a will?
The court calls this “intestate.” If you die without creating a will, the laws of intestate for your residing state will determine what happens to your assets. Your assets include your money, real estate, investments, and personal property. Typically, the laws of intestate depend heavily on your family dynamic; for example, if you have children, are married, or are single. In typical circumstances, your assets would be split evenly among living heirs, which could include your spouse, children, parents, siblings, aunts, uncles, or cousins. If you have no living relatives, your estate may go to the state.
Single Without Children
If you are single and without any children, your estate would go to one or both parents if they are still living. If both parents are deceased, it would be split between your siblings equally. If there are no surviving parents or siblings, your assets would be split in half and half would go to relatives on your mother’s side and half would go to relatives on your father’s side.
Single With Children
If you are single with children, your entire estate would be split among your children. If you do not consult with a lawyer for wills in Folsom and create a will that states otherwise, your assets would be split equally amongst your children.
Married Without Children
If you are married but do not have children, your entire estate would go to your spouse if it is shared property. If you have separate property, your estate would be shared with your surviving parents and siblings.
Married With Children
If you are married with children, your spouse will likely receive all of your assets. If you have children from a different partner, half of your assets would go to your spouse and the rest would be split among your children from a different partner.
Meet With a Folsom Lawyer for Wills at Yee Law Group
If you want to ensure that your loved ones are taken care of after you pass, it’s imperative to speak with a Folsom lawyer for wills about your plans. Without a will, neither you nor your family will have a right to say what should happen to your assets. Creating a will can be a complicated task, but the professionals at Yee Law Group would love to talk with you and find a way to make the whole process easier. Call our office today to schedule a consultation with a trusted Folsom lawyer for wills.
“Michael Yee and his staff were great at helping us set up our living trust . They were very professional , knowledgeable and helpful with all our questions and made the whole process very comfortable and easy . It only took 2 weeks to complete the whole process . I highly recommend their services and strongly encourage anyone seeking legal services to contact them.”