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. Orange California Mutual Wills or Last Will and Testaments for Unmarried Persons living together with Minor Children are legal documents that allow unmarried couples with minor children to ensure their assets are distributed according to their wishes in the event of their death. These wills provide clarity and protection for the surviving partner and safeguard the future of their children. In Orange, California, there are two types of Mutual Wills or Last Will and Testaments specifically designed for unmarried persons living together with minor children: 1. Joint Will: A Joint Will is a single document created by both partners which allows them to express their wishes regarding the distribution of their assets and the guardianship of their children. It is a binding agreement that both partners must agree upon, as it cannot be altered or revoked unilaterally. Joint Wills often are chosen by couples who have absolute trust in each other's decisions and have similar estate planning goals. 2. Mirror Wills: Mirror Wills are separate and individual documents created by each partner. They contain identical or nearly identical provisions and mirror each other's wishes. Unlike a Joint Will, Mirror Wills can be modified by either partner independently, allowing for more flexibility if desired. Mirror Wills often are chosen by couples who have slightly different estate planning goals or want the ability to revise their wills in the future. Creating an Orange California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children involves several key components: 1. Appointment of Guardians: Clearly state your choice for the legal guardianship of your minor children if both parents pass away. This decision should consider the individuals' ability to care for the children and share the parents' values. 2. Asset Distribution: Specify how your assets, including property, bank accounts, investments, and personal belongings, should be divided between the surviving partner and the minor children. This can be done by assigning specific items or using percentages. 3. Executor: Appoint an executor who will be responsible for administering your estate and carrying out your wishes mentioned in the will. The executor should be someone trustworthy and capable of handling financial matters. 4. Conditional Provisions: Include provisions that dictate certain actions or requirements before certain assets or benefits can be transferred or accessed. For example, setting specific conditions for the inheritance of a particular asset or establishing a trust for the children's education. 5. Alternate/Contingent Beneficiaries: Name alternate beneficiaries who will receive your assets if the primary beneficiaries (e.g., the surviving partner) pass away before the will is executed. By creating an Orange California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children, couples can ensure their wishes are legally recognized, minimize potential conflicts or disputes, and provide much-needed stability and security for their children's future. Consultation with an estate planning attorney is highly recommended ensuring these documents comply with relevant laws and regulations.
Orange California Mutual Wills or Last Will and Testaments for Unmarried Persons living together with Minor Children are legal documents that allow unmarried couples with minor children to ensure their assets are distributed according to their wishes in the event of their death. These wills provide clarity and protection for the surviving partner and safeguard the future of their children. In Orange, California, there are two types of Mutual Wills or Last Will and Testaments specifically designed for unmarried persons living together with minor children: 1. Joint Will: A Joint Will is a single document created by both partners which allows them to express their wishes regarding the distribution of their assets and the guardianship of their children. It is a binding agreement that both partners must agree upon, as it cannot be altered or revoked unilaterally. Joint Wills often are chosen by couples who have absolute trust in each other's decisions and have similar estate planning goals. 2. Mirror Wills: Mirror Wills are separate and individual documents created by each partner. They contain identical or nearly identical provisions and mirror each other's wishes. Unlike a Joint Will, Mirror Wills can be modified by either partner independently, allowing for more flexibility if desired. Mirror Wills often are chosen by couples who have slightly different estate planning goals or want the ability to revise their wills in the future. Creating an Orange California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children involves several key components: 1. Appointment of Guardians: Clearly state your choice for the legal guardianship of your minor children if both parents pass away. This decision should consider the individuals' ability to care for the children and share the parents' values. 2. Asset Distribution: Specify how your assets, including property, bank accounts, investments, and personal belongings, should be divided between the surviving partner and the minor children. This can be done by assigning specific items or using percentages. 3. Executor: Appoint an executor who will be responsible for administering your estate and carrying out your wishes mentioned in the will. The executor should be someone trustworthy and capable of handling financial matters. 4. Conditional Provisions: Include provisions that dictate certain actions or requirements before certain assets or benefits can be transferred or accessed. For example, setting specific conditions for the inheritance of a particular asset or establishing a trust for the children's education. 5. Alternate/Contingent Beneficiaries: Name alternate beneficiaries who will receive your assets if the primary beneficiaries (e.g., the surviving partner) pass away before the will is executed. By creating an Orange California Mutual Will or Last Will and Testament for Unmarried Persons living together with Minor Children, couples can ensure their wishes are legally recognized, minimize potential conflicts or disputes, and provide much-needed stability and security for their children's future. Consultation with an estate planning attorney is highly recommended ensuring these documents comply with relevant laws and regulations.
