When it comes to a living trust vs will, here are some reasons why some may find a will to be preferable to a living trust. First, the cost of a living trust is often larger than a will. Second, the quantity of paper work required for a living trust is more excessive. Those who chose…
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Per Capita vs. Per Stirpes
Often in wills or trusts, an individual will designate the shares given to individuals as “per capita” or “per stirpes.” What is the difference? Per capita means “per individual.” This means that if someone says, “I give to my children equal shares, per capita, my estate,” all individuals living at the time will take an…
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Information Regarding Wills
The statue of wills was enacted in 1540 by the Parliament of England and it is still used to govern the form of a will today. The statute of wills requires that a will be in writing, signed by the testator, and witnessed by at least two people. California law requires that a testator be…
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Types of Wills
In the State of California, it is possible to create a will in one of three ways: -A handwritten or holographic will is one that is done in your own handwriting. It must be legible and have everything clearly stated as to whom your assets will be given to and how things will be divided. This must be…
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