I'll Leave It All to My Cat (Or Something Like That) - A Guide to Wills in California
So, you're thinking about kicking the bucket, huh? Well, before you do, let's talk about wills. Not the kind you play with cards, but the legal document that dictates who gets your stuff when you're six feet under. Yes, it’s a morbid topic, but hey, it’s better to be prepared than to have your favorite houseplant inherited by your distant cousin.
Why Bother With a Will?
You might be thinking, "I'm young and invincible, who needs a will?" Well, even the most indestructible of us can't defy Mother Nature forever. A will is basically your roadmap for your stuff after you’re gone. It tells the world who gets your prized collection of salt and pepper shakers, who will take care of your pet goldfish, and who gets to deal with the mountain of unopened mail you've accumulated.
Do-It-Yourself or Lawyer Up?
Now, there are two schools of thought when it comes to making a will: DIY or lawyer up. If you're the type who enjoys reading legal jargon and filling out forms, then DIY might be your jam. But if you're more of the "I'll pay someone to deal with this" type, then a lawyer is your best bet. Remember, a good lawyer is like a superhero with a law degree - they can save you from a world of probate pain.
The Nitty-Gritty of California Wills
California has its own set of rules when it comes to wills. You gotta be 18 or older and of sound mind (so, probably not after that third margarita). You also need two witnesses who aren't beneficiaries. And don't forget the golden rule: your will has to be in physical form. No typing it up on your iPad and hoping for the best.
Where to Keep Your Will?
Once you've created your masterpiece, you need a safe place to store it. Some people like to keep it in a fireproof safe, others in a safety deposit box. But remember, if you bury it in your backyard like a pirate's treasure, don't expect your loved ones to find it.
How to Make Sure Your Will is Legit
To ensure your will is as legit as a Kardashian, follow these tips:
- Be Clear and Concise: Avoid vague language like "most of my stuff goes to my kids." Be specific about who gets what.
- Update Regularly: Life changes, so your will should too. If you get married, have kids, or win the lottery, update your will accordingly.
- Review and Revise: Don't just stick your will in a drawer and forget about it. Review it periodically to make sure it still reflects your wishes.
How To...
- How to choose an executor: Pick someone reliable, organized, and preferably not someone who owes you money.
- How to decide who gets your stuff: Consider your relationships, financial situation, and any specific wishes.
- How to make your will easy to find: Give a copy to your executor and let other key people know where to find it.
- How to avoid probate: Create a living trust or consider other estate planning options.
- How to find a good estate planning attorney: Ask for referrals, check online reviews, and interview multiple attorneys.
Remember, creating a will is not the most exciting thing in the world, but it's an important step in planning for your future. So, don't procrastinate. Your future self (and your loved ones) will thank you.