Burbank California Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children

State:
California
City:
Burbank
Control #:
CA-511R
Format:
Word; 
Rich Text
Instant download

Description

This package contains two wills for a man and woman living together with minor children. It is designed for persons that, although not married, desire to execute mutual wills leaving some of their property to the other and that have minor children. Instructions are also included.


The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.

Burbank California Mutual Wills or Last Will and Testaments for Unmarried Persons living together with Minor Children are legal documents that specify the wishes of unmarried couples who live together and have minor children, regarding the division and distribution of assets, custody of the children, and other relevant matters in case of their death. These specialized wills are designed for unmarried couples living in Burbank, California, who want to ensure that their assets and children are protected and taken care of according to their wishes. By creating a mutual will or last testament, couples can outline their specific desires regarding the distribution of their estate and the guardianship of their minor children. 1. Joint Will with Testamentary Trust: This type of will is useful for unmarried couples who wish to establish a trust to manage their assets for the benefit of their minor children. The trust can be designed to provide financial support for the children until they reach a certain age, ensuring that the assets are managed appropriately. 2. Parental Designation Agreement: For unmarried couples with minor children, this agreement allows them to name the other partner as the legal parent of their children, ensuring custody and visitation rights in case of one partner's death. This type of will provides security and reassurance for both parents and children. 3. Last Will and Testament with Guardianship Designation: Couples who wish to designate a guardian for their minor children can use this type of will to ensure that their preferred person is legally recognized as the child's guardian upon their death. The will provides clear instructions about the chosen guardian's responsibilities and ensures the child's well-being. 4. Will with Beneficiary Designations: This type of mutual will allows unmarried couples to specify beneficiaries for their assets, including their minor children. It ensures that specific assets or financial accounts are assigned to the children, allowing for straightforward distribution and avoiding potential disputes or confusion. Creating a Burbank California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children is highly recommended for unmarried couples seeking to protect their children and ensure their assets are managed and distributed according to their wishes. It is advised to consult with an experienced estate planning attorney to draft the appropriate will that suits the specific needs and circumstances of the couple and their children.

Burbank California Mutual Wills or Last Will and Testaments for Unmarried Persons living together with Minor Children are legal documents that specify the wishes of unmarried couples who live together and have minor children, regarding the division and distribution of assets, custody of the children, and other relevant matters in case of their death. These specialized wills are designed for unmarried couples living in Burbank, California, who want to ensure that their assets and children are protected and taken care of according to their wishes. By creating a mutual will or last testament, couples can outline their specific desires regarding the distribution of their estate and the guardianship of their minor children. 1. Joint Will with Testamentary Trust: This type of will is useful for unmarried couples who wish to establish a trust to manage their assets for the benefit of their minor children. The trust can be designed to provide financial support for the children until they reach a certain age, ensuring that the assets are managed appropriately. 2. Parental Designation Agreement: For unmarried couples with minor children, this agreement allows them to name the other partner as the legal parent of their children, ensuring custody and visitation rights in case of one partner's death. This type of will provides security and reassurance for both parents and children. 3. Last Will and Testament with Guardianship Designation: Couples who wish to designate a guardian for their minor children can use this type of will to ensure that their preferred person is legally recognized as the child's guardian upon their death. The will provides clear instructions about the chosen guardian's responsibilities and ensures the child's well-being. 4. Will with Beneficiary Designations: This type of mutual will allows unmarried couples to specify beneficiaries for their assets, including their minor children. It ensures that specific assets or financial accounts are assigned to the children, allowing for straightforward distribution and avoiding potential disputes or confusion. Creating a Burbank California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children is highly recommended for unmarried couples seeking to protect their children and ensure their assets are managed and distributed according to their wishes. It is advised to consult with an experienced estate planning attorney to draft the appropriate will that suits the specific needs and circumstances of the couple and their children.

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FAQ

For various reasons, spouses often sign Wills that leave out their surviving husband or wife. In other words, a spouse is disinherited. Is this legal? Yes, but steps can often be taken to effectively get around the Will.

A joint will is a legal document executed by two (or more) people, which merges their individual wills into a single, combined last will and testament. Like most wills, a joint will lets the will-makers name who will get their property and assets after they die. Joint wills are usually created by married couples.

Generally speaking, for a married couple who have children, we would recommend they create mirror Wills with a testamentary trust, as well as ensuring that any property is owned as Tenants in Common with relevant Trust or Trusts in place.

Joint wills are a way for couples with similar wishes to write a will that benefits each other, should one partner pass away. When I die, my spouse, as sole beneficiary, inherits everything. When the surviving spouse dies, our estate passes to our children.

Mirror wills are very common and are on average, what most married couples will have in place. However, an individual has testamentary freedom and can revoke their will and make a new one as many times as they like during their lifetime (as long as they have the testamentary capacity to do so).

What are the cons of having a mirror will? Mirror wills can be revoked by either person at any time without having to get approval from the other.

A mirror will is a pair of wills for couples who want to mirror each other's wishes. They are, in effect, identical wills, one for each person. Most commonly, couples will choose to leave everything they own to their partner, then their children.

The basic structure of a mirror will is similar to an individual last will. It bequeaths personal property to certain people, then leaves everything else to a spouse or partner and, the spouses or partners agree on who is to receive their property when the survivor of them passes away.

Mirror Wills are the standard Wills a couple (married or not) may make which simply mirror each other. Typically, they may say for example, upon the death of one party everything will fall to the other and then upon second death, onto their children. Mirror Wills are produced day in, day out across the country.

The testator's marriage does not revoke a prior made will. KRS 394.090. When the testator dies before providing for his new spouse, the law assumes that he would prefer to die with a will that does not completely reflect his wishes than with no will at all.

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Burbank California Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children