Planning your estate is a very personal process and can be easier with the help of a will lawyer Sacramento CA families trust. Finding a will lawyer in Sacramento CA to help you work through this process to achieve peace of mind about your final wishes is important. Our firm can provide you with a will lawyer Sacramento CA community members turn to for assistance. Our attorneys are knowledgeable about all applicable laws and can make sure your final wishes are clear.
There are specific needs you should consider addressing if you are married and childless. If you pass away and you don’t have a will and have not named a beneficiary, it is the state’s responsibility to locate your nearest living relative for them to inherit your estate.
When You Do Not Have a Will
The order for receiving benefits when you do not have a beneficiary is:
- Your husband or wife.
- Children, if alive, and if not, your grandchildren.
- Brothers or sisters, if any, otherwise nieces and nephews.
- Children of a deceased spouse.
- Relatives of a deceased spouse.
- The state where you are a legal resident.
Without having a will you run the risk of having the state decide who or where your assets end up. The state will give your estate to an heir rather than a beneficiary. With a will, you are able to choose someone specific, a beneficiary, to receive part or all of your estate. You may consider leading part of all of your estate to a close friend, a charity, an alumni organization, a business partner, or in a trust to care for a child or a pet. A will lawyer Sacramento CA residents choose to help them in these matters can address your concerns about who should inherit your assets.
Choosing an Executor of Your Will
In addition to the will, you will need to choose an executor, someone whose job it is to follow through with the instructions in your will. The executor can be the same person you choose to be your beneficiary, but it doesn’t have to be the same person. You can also select a lawyer to represent you.
Another important reason singles need to consider estate planning is to create a healthcare directive in the event you become incapacitated and are unable to make decisions for yourself. Without this directive, the state will choose an heir (relative) to be your voice. This could be someone you would not choose if you had say in the matter and may not be acquainted with your beliefs or wishes, such as being an organ donor or being kept alive artificially.
If you are not married but reside with your partner, the state may disregard your partner’s voice regarding your estate after you die. In a legally recognized marriage, if you die without a will, your spouse and children will most likely inherit your estate. If you want your unmarried partner to inherit your estate, it is imperative you have a will or trust that lists your partner as the beneficiary. Talk to a will lawyer Sacramento CA locals recommend from our firm to ensure this is taken care of as soon as possible.
The Importance of Estate Planning
Estate planning is very important for single parents. If something happens to you and you do not have a will, your minor children could be left without someone safe who you want to be their legal guardian. If the other parent has rights to the custody of your children, the will cannot supercede the rights of the other parent; however, you can leave a note stating why you want someone other than the other parent as a guardian to your surviving child or children. Ultimately, it is up to the judge to conclude what is best for the children. However, the note in your will may have some influence in determining the guardianship of your children.
Do not put off creating your will. The sooner you get your estate plans in order with the help of a Sacramento will lawyer, the more you can focus on living and not what happens when you’re gone! The lawyers at Yee Law Group are here to help. Call us today at 916-927-9001 to request a complimentary consultation with a respected will lawyer Sacramento CA offers.
Will Lawyer Sacramento CA
When you’re unsure about whether or not you need a will lawyer Sacramento CA offers, you can contact Yee Law Group for a free consultation. Some people choose to create their own living wills without the assistance of a lawyer. However, if not done correctly, legal problems could ensue — especially when excessive wealth or assets are involved.
Yee Law Group has decades of experience in the creation of living wills and trusts. As a will lawyer Sacramento CA families can depend on for legal counsel, we understand the complex laws and finite details relevant to drawing up important legal documents. To find out how we might be able to assist you, please contact Yee Law Group for a free consultation.
What is a Will?
A will, a living will, or an advance directive all refers to a legal document that enables the bearer to state their last wishes for assets, financial wealth, medical care, and more. Without having a verifiable document that expresses your wishes after death, painful disputes and legal woes could quickly ensue.
How to Create a Will
Each state has its own laws pertaining to the creation of a will. Some people choose to write a will on their own, but many retain a will lawyer in Sacramento CA. In general, you can state your wishes in as much or as little detail as you’d like. The most crucial part of a will is to have it notarized; without doing so, it may not be valid in a court of law. As soon as you and a notary witness or lawyer signs it, the will is considered to be “in effect.” At any time while you are alive, your will can be revoked or updated as often as you like.
Understanding the Role of an Executor
When you have lost a loved one, the probate process will quickly ensue. Coping with the emotions of grief can add to the challenges of how best to proceed. Unless you have done this before, performing the necessary tasks can be overwhelming. Sometimes a testator will name a person to act as an executor, but in many cases it won’t be until the testator dies that an executor will need to be chosen. If you are in this situation and trying to determine who is best suited to the role of executor, consider the following:
Knowing What the Role of an Executor Is
The executor will have a number of tasks related to the estate. After filing the death certificate with the California court, they will need to focus on resolving any financial issues related to the estate of the deceased person. Assets will need to be located, and valued. Any outstanding debt must be paid off (including taxes). Beneficiaries should be located, and once all debt has been paid, the remaining assets will be distributed according to the will.
Selling the Home
If the deceased was not married, it is highly probable that the beneficiaries will sell their home or property. When this is true, the executor will need to prepare the residence to be sold. When the deceased was married at the time of their death, the spouse might choose to relocate. In this case, the executor would need to manage the sale, as well as any tangible assets within the property.
As a Will lawyer in Sacramento, CA might explain, the executor will also be tasked with updating the title or deed of the residence prior to it being sold.
Additional Issues the Need to Be Resolved
If addition to settling debts and distributing assets, the executor may be required to:
- Facilitate the sale of the house and assist with any relocation
- Liquidate investments in a retirement account
- Find and access any safety deposit boxes
- File taxes with the state and IRS
- Resolve any complicated tax issues
- Shut down or turn off utilities, cable accounts, yard services, pool services, garbage services, and so forth
Choosing a Professional Executor
When a high value estate is involved, it is recommended to choose a professional executor to take care of everything. For some this will be a will lawyer in Sacramento, CA. The same is true when there is a heightened risk of a dispute amongst heirs to occur. If this is anticipated, a professional executor might be useful.
Advantages of Hiring a Will Lawyer Sacramento CA Relies on for Legal Counsel
Having a lawyer draft a will can give you complete peace of mind. Yee Law Group is ready to make sure your will complies with all federal, state, and local laws. Tax advantages for your estate and heirs may also be considered and thoughtfully planned to give your beneficiaries maximum gain.
Contrary to what you may think, a will can be drawn for more than the distribution of wealth and assets. When you contact a will lawyer Sacramento CA trusts, he or she may advise you on any of the following matter pertaining to wills:
- Naming a beneficiary for financial power of attorney
- Giving permission for an individual to have access to important account
- Creation of an ethical will which entails your reasons for wealth and asset distribution
- Drawing up a legally binding last will and testament
Who Should Consult a Will Lawyer?
There are a few instances in which having a lawyer draw your will could be highly beneficial. If you fall into any of the following categories, you may want to speak with Yee Law Group for a personal consultation.
- You have assets in multiple states or countries
- You have minor children
- You’ve been remarried
- You own a business
- You possess assets worth over $1 million
- You don’t understand the associated forms
Contact a Will Lawyer in Sacramento CA for a Free Consultation
Regardless of why you may think you need a will, you can speak with one of the lawyers at Yee Law Group. We can answer your questions and let you know what options may be best suited to your own particular needs. To schedule a consultation with a will lawyer Sacramento CA can provide, please call 916-927-9001.
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