There is a misconception that estate planning is only for rich people. This is not true. If you earn and spend, there must be some personal belongings. If you die without a will, they would be distributed according to the rules and regulations of your state.
Also, it includes not only your physical assets, but it also includes minor children you have. You should consult a good estate attorney in Orange County to deal with the issue.
It is therefore essential to plan for what would happen to your assets after death. You need to think about estate planning to ensure the safety of your loved ones when you are not there to take care of them.
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What needs to be mentioned in a will? Here is a quick checklist of it.
1. Your full name and date of birth
2. The names, addresses and birth dates of people who become heir to assets
3. The details of your assets and liabilities
4. The details of who gets what
5. The name of the executor/administrator of the will
The next thing to consider is what falls under the category of your assets. All material goods are distributed by will. This includes real estate, motor vehicles, cash, bank accounts, security deposits, jewelry, furniture, family heirlooms, and so on.
Another common question is why go for an attorney estate planning in Orange County when you can do the job on your own. You can write your will as you wish. However, without the help of a good legal professional, he may have defects such as errors and omissions. Such will not be acceptable for the state and never serve its purpose.
You can distribute all you have as you wish with the help of a will. Your estate planning attorney would be able to help you to understand the best way possible to make a valid will.