Intestacy: Why is it important to have a will?
When someone dies and they have not made a will, the state declares they died in "intestacy". This means that your estate (money, property, etc.) will be distributed according to the state's laws regarding intestacy. So if you want to be the one that delegates who inherits your estate and who is in charge of your affairs after you pass instead of the state, you need to make a will.
Wills account for more than your money however, they also dictate your wishes for the funeral, make provisions for you spouse, and allow you to appoint a guardian for your children, if you have any.
To learn more about wills, how you create one, or when you should revise it, click here or here.
What is a living will?
A living will is a document that that one uses to dictate what type of medical procedures that would or would not done if they were in a serious medical situation where they could not speak up for themselves, like when they are in a coma, a vegetative state, etc. Living wills do not become effective until an individual is incapacitated.
To learn more about living wills, click here.
To learn more about living wills, click here.
California Will
If you've decided you want to create a will, the state of California makes it pretty easy!