Not long ago this Encino-based legal blog discussed the problems that can develop if a person passes away without a will in place. A will is a common and well-known estate planning tool that directs the distribution of a person's property and money to beneficiaries. Though a will is an important tool to have included in one's estate plan, it is not the only thing that a person needs to ensure that their property and rights are protected.
There are not many things that are guaranteed in life in California, but one of the unfortunate ones is that no one lives forever. At some point in time everyone will pass away. When this occurs, people are not able to take any of their money or their possessions with them. Those things will then have to be taken care of in some fashion. There are two different ways that people's property will be distributed. One is pursuant to a will or trust and the other is through California law if there is no will.