A Will (also known as a "Testament" or "Will and Testament") is a document that directs the distribution of a person's property upon death. It is important to note that unlike a Living Trust, Wills do not become valid until death has occurred. Both Wills and Trusts are effective, legal ways to manage and distribute what you own at death. But they differ in how long it will take to settle your estate, the initial cost to set up, and the amount of time and energy they take to maintain during your lifetime. If your estate plan uses a Will as its central document (a.k.a. a "stand alone" Will), and your estate is worth more than $150,000 (counting only those assets that qualify for
probate in California), then your estate will have to go through probate before it can be distributed to your heirs. If your estate plan uses a Trust as its central document, a Pour Over Will is included to tie up any loose ends. Much shorter than a stand alone Will, its purpose is to cover any assets you own that weren't in the trust at your death. It states that these assets should be poured over (transferred) to the trust. If you have minor children, the Pour Over Will also names their guardians.
Includes a stand alone Will, Durable Power of Attorney, and Advance Health Care Directive. Packages are available for both individuals and couples.