As shared in the previous blog, making mistakes in the wills process can end up costing you down the road. It is far better to consult with an experienced Pasadena estate planning attorney today to minimize your chances of a mistake. Read on to learn more about two of the most common mistakes associated with the do-it-yourself document.
Failing to List Dependents
It is not easy in the United States to disinherit your spouse. However, the same does not hold true for other family members. Generally, it is easy to use your will to disinherit children, grandchildren, nieces, nephews, brothers and sisters. However, the laws associated with spousal inheritance rights will depend on California law. If you want to disinherit dependents, it can be a major mistake to pursue a do-it-yourself will. You need to consult with a knowledgeable estate planning attorney to discuss your options more effectively and to determine the right strategies for accomplishing your goals.
Not Naming a Secondary Beneficiary
The residual beneficiary is the person paid out after all other issues have been addressed, including debts and taxes. This means that another beneficiary is usually the main beneficiary of your estates. If you don’t plan properly, your loved one might discover that after all of your debts and taxes and funeral expenses have been paid, that the remainder is in jeopardy as a result of a do-it-yourself will. Make sure your lawyer understands your needs when you put together a will.
