What Is A Will?
Are you asking yourself "What is a will?" or "Do I need a will?". Do not worry, you are not alone. It is important for you to have a will for several reasons. Specifically, it allows you to communicate your wishes clearly and precisely.
For estate planning purposes, a will generally includes:
Designation of an executor, the person who carries out the provisions of the will.
Beneficiaries—those who will receive (or inherit) the assets according to the will.
Instructions for how and when the beneficiaries will receive the assets. You can be very specific about how and when money is distributed and what it is used for.
Guardians for any minor children.
If you do not have a will, the laws of the state you live in dictate how your assets are distributed after your death. There are several requirements for a will to be valid and it is important to work with an attorney to ensure that your will meets those requirements. If you are interested in talking to an attorney about creating a will or other estate planning documents, our attorneys can help you work through your options. Please contact our law firm at (951) 888-2444 to set up a consultation with an estate planning attorney.
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