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What happens to your assets if you pass away without any form of estate plan—no will, no trust, nothing? In this video, we delve into the complexities of dying without an estate plan, especially in California. We'll guide you through the legal process that unfolds when someone passes away without any plans in place. Whether you're married, single, or have children, the state has specific rules that determine how your property is divided.
We explore key concepts like community property versus separate property, and how these distinctions affect what your spouse or children will inherit. You'll also learn about the state's "table of consanguinity," which dictates how distant relatives, like third cousins, might end up with your assets if no closer family members are found.
But there's a better way to ensure your wishes are honored. We discuss why having an estate plan—especially a revocable living trust—can avoid the costly and time-consuming probate process, maintain privacy, and give you control over who inherits your estate. From avoiding probate to safeguarding your legacy, we cover the essential steps you need to take to protect your loved ones and your assets.
If you're in California and ready to secure your future, we invite you to schedule a free consultation through the link in the description. Don't forget to like, subscribe, and follow us for more expert insights on estate planning!
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Disclaimer: this video and content is for general information only. The information presented should not be construed to the formal legal advice nor the formation of an attorney/client relationship. Nothing hearing is intended to nor constitutes an guarantee, warranty or prediction regarding the outcome of your legal matter.
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Free Estate Planning Strategy Session For California Residents: https://calendly.com/mpevney/strategy...