What Are The Basics Of Estate Planning? Find Below!
When you are updating or drafting important estate paperwork, you indeed want to ensure that your documents will be upheld in court. One of the best ways to accomplish this is to have them notarized. You may notice that some estate documents need notarization at the time of signing while others do not. In today’s write-up, we are going to briefly explain the notary public for estate planning in California.
Role of a Notary Public!
It is an officer who serves the community. The law permits notaries very specific roles and abilities that are primarily to witness documents, administer oaths, and perform other administrative functions. Each and every notary public must go through an application and approval process.
List of Important Estate Planning Documents!
At Across Town Notary, we are always available to help you with preparing and notarizing your estate planning documents. We do suggest scheduling an appointment with us and discussing it all. If you are an individual, check out the list of details of estate planning documents you may or may not require.
The list of documents is as follows:
Durable Power of Attorney!
This document enables you to choose someone to act on your behalf of you, financially and legally, in the scenario that you can’t make decisions. Make sure you must be legally competent to assign these roles and responsibilities to someone.
Letter Of Intent!
Write a letter for information, requests, and crucial personal or financial information that doesn’t belong in your will. You should use it to convey your wishes for things so you can hope all will be done. For example, you can explain details about how you want your memorial service to be performed.
Last Will and Testament!
It will give you the power to make the decision on what is in the best interests of your kids and pets after you are gone. It can also assist you in determining what will happen to possessions with sentimental or financial value. Here is an executor – someone who will be in charge of following your direction. You can use this will to name guardians for those who are under your care, such as minor kids and pets. However, in California, Wills are witnessed, not notarized.
Revocable Living Trust!
A living trust is another tool for passing assets to heirs when they need to avoid potentially expensive and time-consuming probate court proceedings. You can name a trustee – may be a spouse, one of the family members, or an attorney, who can manage your property. Unlike a will, a trust can be used to distribute property after your death or now. And if you have additional wealth or property, a trust can provide tax savings.
Final Words!
Completing the estate documents takes time and energy. After all that work, you must ensure that your documents will stand in court. However, a notary public for estate planning in Fresno, CA, is an important part of the success. If you are looking about preparing or notarizing your estate documents, please reach out to us at Across Town Notary.