If you’ve decided that it’s time to write up a will, you may be considering the assistance of a will lawyer Roseville CA has to offer. Drafting a last will and testament can be a good idea for protecting your family and your property if anything should happen to you. As an experienced will lawyer Roseville CA respects might attest, it can be a wise decision to draft a will even if you are in good health. At Yee Law Group, PC, PC, we are here to help and want to start by answering a few common questions you may have about drafting a will:
What can be accomplished through a will?
A will is often used for the transferring of property ownership and the naming of guardians for minors if the original owner/guardian passes. When an individual drafts a will, he/she can specify the following items:
- Naming individuals or organizations that will receive ownership of property
- Naming a personal guardian to care for any minor children
- Naming an individual to manage property that will be transferred to minor children upon reaching a certain age
- Naming an executor, i.e., an individual who is trusted with carrying out the terms of your will
- Instructing how to pay off any remaining debts
- Instructing care for pets
Who should write a will?
Anyone can write up a will to ensure that their property is transferred to the correct people, as a seasoned will lawyer Roseville CA might explain. Regardless of your current health or current financial standing, a will can be very useful because accidents could happen at any time.
You might be particularly interested in creating a will if you receive a large sum of money or you own any valuable property. It can also be a wise decision for parents to create a will upon the birth of any new children. Not only can the parent(s) name individual(s) tasked with caring for their children, but they can also specify how their wealth will be transferred to the children.
What happens when you don’t have a will?
If an individual passes away without having written a will with the help of an experienced will lawyer in Roseville CA, there are certain protocols in place intended to pass along the individual’s property and wealth as smoothly as possible. In California, as in most states, the individual’s property would be distributed to the closest remaining relatives. This often means that an individual’s property is passed along to his/her spouse, children, or sisters and brothers.
When Do I Need to Update My Will?
Generally speaking, estate plans are meant to function as living documents. This essentially means that unlike certain contracts and other legal tools that are not easily revised, estate plans may be altered, added to, revised and/or updated as often as circumstances require. If you are ever in doubt as to whether your estate plan could benefit from an update or needs to be updated, please do not hesitate to reach out to an experienced will lawyer Roseville CA. When it comes to wills and other estate planning tools, it is generally a good idea to be as proactive as possible. None of us knows when our estate plans will suddenly become urgent business, so it is not wise to hesitate if you believe your estate plan is in need of attention.
Changes in Circumstance
As life gives and takes away, it is important to update your will to reflect major changes in your personal and familial circumstances. If you gain or lose major assets, your will should be altered in order to ensure that it is current. Similarly, if you marry, divorce, have children, have grandchildren, start a business, close a business, create valuable intellectual property or otherwise have a major change in the structure of your life, please contact your will lawyer Roseville, CA in order to ensure that your will is up to date.
Unless your wishes are made explicitly known, it will be a court that decides how your property is divided in the event of your death. Similarly, if you do not update your will regularly, your loved ones may challenge the idea that your outdated will does not accurately reflect your wishes at the time of your death. Please update your will as often as you need to in order to maintain its relevance and accuracy. A will lawyer Roseville, CA can help you accomplish this quickly.
Changes in Expectation
Sometimes an individual’s wishes change, even if circumstances have not. Perhaps you previously designated your oldest child to serve as your power of attorney for medical care but now your youngest child has earned a medical degree and you would feel more comfortable if she served as your power of attorney. Or perhaps you simply realized that you want one of your grandchildren to inherit your mother’s antique tea set instead of leaving it to your cousin. As your wishes and preferences evolve (for whatever reason) please keep your will lawyer Roseville, CA updated about the ways in which your will needs to be altered. Checking in with your will lawyer Roseville, CA on a relatively regular basis will help to ensure that your current wishes are accurately reflected in the terms of your estate plan.
Estate Planning Assistance Is Available
If you have questions about your estate plan generally or updating your will specifically, please consider connecting with a will lawyer Roseville, CA. When it comes to ensuring that your wishes remain known and legally enforceable, it is generally a good idea to ask questions whenever they arise and to update your estate plan whenever it feels appropriate to do so. When it comes to your future and your family’s future, a little preparation now can lead to significant positive consequences later. Also, please keep in mind that consulting with a will lawyer Roseville, CA does not obligate you to take any action whatsoever. Asking questions simply helps to ensure that whatever decisions you ultimately make are informed ones.
Is a will legally binding?
When a will is written correctly, it is legally binding. An individual who is writing their own will must have two individuals present when signing the document. Some states also require or advise that an individual should also have a notary present to prove identification.
Many individuals decide that they want to have a lawyer draft up their will, and this is often a wise decision in cases where an individual has a lot of assets or has complex instructions for passing along property. A skilled Roseville CA will lawyer can ensure that a will is legally binding.
Contact a Local Will Lawyer Roseville CA Can Depend On
If you would like assistance drafting up your will, the lawyers at Yee Law Group, PC. want to help. We have substantial experience assisting local individuals with writing wills and making sure that their property is placed in good hands after they are gone. For more information about the Yee Law Group, PC. legal team, or to schedule a consultation with a top will lawyer Roseville CA trusts, contact us today.