When planning to create a Will or a Living Trust to make a plan for your assets, there is no need to hire an expensive attorney. A legal document assistant can help you create these documents for a much smaller amount of fees, saving you thousands of dollars.
By creating a Will or a Living Trust, you will spare the hassle and expense of a probate for your beneficiaries or heirs after you are no longer there, for in the absence of a Will or a Living Trust, there will be a question as to who inherits your property and other assets. In such an event, the court will take over, probate process will start, where your assets will be equally divided between your lawful heirs. In other words, the State or the court will write your Will, that may or may not be in line with what you may have wanted. For example, someone you wanted to give more than the others, or wanted to disinherit someone totally.
Through these documents, you can create a plan on how exactly you would like your assets to be divided or managed after your death, or even during your life, should you be incapacitated for any reason. You can instruct to the minutest detail about where you would like your hard earned money to go, to your favorite charity, to a disabled child, to a relative, or to neighbor or a friend. A state created Will does not consider these entities to be lawful inheritors of one's assets.
To be continued…
Dolly is a registered and bonded LDA. She has a Masters degree in Counseling Psychology from USF, Paralegal Certificate from Cal State East Bay University, Mediation Certificate from San Francisco Bar Association, and Divorce Mediation Certificate from CALDA.