Before we discuss estate planning laws, you must know what an estate is. An estate is an individual’s personal possessions, real estate, or other holdings. When someone passes away, his or her estate is divided as per the wishes of the deceased or if there is no will, the decision is left up to probate court. In any case, it is better to plan your estate while you are young so that it can be managed according to your wishes. We have highlighted here everything that covers the estate planning procedures in Rocklin.
LIVING TRUST & WILL
Durable Power of Attorney Laws
This legal process charted by California’s estate planning law determines the decision-making power of another person about a specific person’s finances and healthcare.
Living Trust
It is especially important to know that a Will alone, does not avoid the probate process. Establishing a probate-avoidance living trust and funding the trust is a sure way to avoid the lengthy and expensive probate process. If you own real property it is almost a must that you establish a Living Trust.
Wills Laws
For writing a will in Rocklin, basic legal requirements like a person’s minimum age, number of witnesses, and other related requirements are needed.
Living Wills Laws
This estate planning law demands the legal requirements for the creation of a living will, the validity of such a will in another state, and other essential factors.
Euthanasia Laws
California’s Natural Death Law restricts the practice of euthanasia or mercy killing. However, it allows the withholding of food and medical care for terminal patients if that is what they desire.
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Moving ahead with Estate planning
If you are a resident of Rocklin, you must have several basic estate planning documents in place, a living trust, a will, a durable power of attorney for finances, and a healthcare directive. Eminent LDAs can help you with the major part of estate planning and arrangement of all the required documents. Rocklin being a part of a prosperous state like California has sky-high real estate value. So, it is especially a good idea to plan your estate to avoid probate after death.
Why should you make a California will?
A last will and testament will help to protect your family and property. A competent LDA can make one for you but here are a few reasons for keeping a will ready. A will can be used to:
- Leave your property to people or organizations.
- Name a trusted person to manage property allotted to minor children.
- Name a personal guardian to look after your minor children.
- Name an executor, the person entrusted with carrying out the terms of your will.
What are the requirements for signing a will?
To finalize your will in Rocklin, you must:
- Sign your will in front of two witnesses.
- Have the witness sign your will at the same time as an acknowledgment of your signature on the will. Neither witness should be a beneficiary of the will.
So, for a trouble-free and smooth estate plan to include a smooth distribution of your assets to your selected beneficiaries, a reliable paralegal can guide you through the process. Proper estate planning can facilitate your property and estate allotment as you wish.