Is It Obligatory to Have a Last Will and Testament?
Even though having a last will is not a mandatory condition for a law-abiding citizen, it has plenty of benefits that can guarantee a safe and comfortable future for the people and animals dear to your heart. For instance, the estate-leaver can peacefully leave this life knowing that their valuable possessions were appropriately distributed. This is guaranteed by the appointment of a reliable person to the “position” of a will’s executor, whose loyalty has been tested by time. Such an individual will take charge of the proper asset allocation in compliance with the deceased’s last will.
The last will can be used for a host of essential purposes, but its primary benefit is the opportunity given to the estate-leaver to decide how to dispose of their earthly possessions one the last time. This crucial legal document is designed to guarantee that every single part of your wealth will be transferred to those to whom it is intended according to your last will.
Besides that, such a legal paper will come in handy if you need to appoint your minor children’s official guardian who will take care of them and their parts of the inheritance until they reach 18.
Besides that, a timely drawn-up will can eliminate or minimize state involvement in the distribution of your property. Although every written last will and testament should be validated in the Probate Court, it is highly unlikely that the decedent would want the government to decide for them such a critical issue as their assets’ distribution. As for the ratification of such a juridical document, the executor of the will has to send a petition to the court for the latter to set a testament approval date. If a person failed to assign the executor, the Probate Court would resolve this issue itself.
The Golden State does stipulate a simplified procedure for surviving significant others and life partners that lets them obtain their part of the testator’s estate without the need to be present during the full probate process. In case your California last will and testament contains the statement that you wanted your valuables to be given to your surviving marital partner or common-law husband/wife, they can simply apply for the Spousal or Domestic Partner Property Petition provided by California Probate Code Section 13650.