Who needs a Statutory will?
All of us sometimes think of death and what will happen with our property and relatives after we pass away. If you want to be sure that after your death, your family will inherit all your assets and you children will be raised by a chosen person, you should make a will. This particular will is based on California law and can be used by California residents aged 18 or older and in their right mind. However, keep in mind that it’s an ordinary will. It won’t reduce death and other taxes.
What is the CA Statutory will for?
There are a lot of reasons for making a will. Each person has his own goals, but for most of us, the will is a kind of security. The will guarantees that the money and property we earned will be transferred to the right people.
Is the Statutory will accompanied by other forms?
In case you change the will, all the amendments must be attached.
When is the California Statutory will due?
The CA will is valid at the time of the person’s death. Until that moment it doesn’t have any effect.
How do I fill the Statutory will (California) out?
Before completing the will, you have to read it carefully. If you have any questions, contact a layer. First, you have to print your full name. You must select one choice for the items Specific gift of personal residence; Specific gift of Automobiles, Household and Personal effects; Balance of Assets. You can make cash gifts to particular persons and print their names. You can also nominate the individual as a guardian of your children under 18 years old and as a custodian of the property for the children from 18 to 25 years old.
What do I do with the Statutory will after its completion?
Once the will is completed and signed before two witnesses, it should be kept in a safe place.