It is highly recommended that you execute a last will and testament as a first step in a comprehensive estate plan. Executing a will allows you to choose who will receive your assets after you die. Additionally, a will gives you some control over the manner in which those assets are distributed.
Another important aspect of a will is that it allows you to appoint specific people to carry out your wishes after you are gone. For example, you can appoint an executor, who will be responsible for carrying out the terms of your will. You can also appoint a guardian for your children. In addition, you can name a separate person to manage any assets you leave to your children. Creating these will provisions allows you to choose the people you trust, rather than having the court appoint someone after your death.
State law determines the requirements for executing a last will and testament. In California, the will must be in writing and signed by the testator. In addition, two witnesses must observe the testator sign the will or witness him acknowledge his signature on the will. The witnesses must then knowingly sign the will. You are not required to have any of these signatures notarized.
If you would like assistance with estate planning, such as with your last will and testament, feel free to contact us at (626) 696-3145.
