LA Estate Planning Attorney
Preparing your estate with Living Trusts, Wills, and Powers of Attorney.
WILLS
Don't let a court decide who inherits your estate.
It is estimated that roughly 2/3 or 67% of all Americans do not have a will. As a result, the estates will certainly be given to certain individuals or even the government unintentionally. And those assets may be used for purposes completely out of scope with the intentions of the person who passed away.
A properly executed will can ensure that the right people in your life will get the assets or funds in the way in which you specifically spell out in your will.
The Longest Drafted Will in History
The longest will written for an individual in history goes to an English woman by the name of Fredericka Stilwell-Cook. This will was probated in 1925 and had to be tabulated in four separate volumes. Her estate was valued at $100,000.
Shortest Will in History
3 Words
The shortest will on record is a tie between Bimla Rishi from Delhi India and Karl Tausch of Hesse, Germany. Both their wills comprised only three words. Apparently, their attorneys charged by the word (kidding).
Codicils
Changes or Additions to Wills
If you have a will, it is important for you to know that you may need codicils to your will upon the event of a divorce, the birth or adoption of a child, or other life-changing event. Codicils are basically amendments to your will. Either that or you can just have another will drafted to replace your previous will.