The last thing on anyone's mind as they go through their day to day activities is their own death. But as we know from the wise words of one of our founding fathers Benjamin Franklin, there are but two certainties in life, death and taxes, and it is important to recognize and address both.
Many people in the Sacramento area and other parts of California may already have a trust set up for the maintenance and distribution of their property both during their lives and following their deaths. These trusts, called inter vivos trusts, are popular among Californians because of the possibility of "avoiding probate" and because, for some, they carry important tax advantages.
The last thing any of us want to think about is our death. But as we know, death is inevitable, and we never truly know when our time is up. Even those who are healthy and take all the necessary precautions to assure a healthy lifestyle could be stricken with a sudden accident, injury or illness without warning. With this in mind, it is very important to be proactive when making decisions regarding one's estate planning.
Although it may sound like an item out of a science fiction book or movie, holographic wills are a real thing, and they are valid in some states throughout the U.S., including the state of California. Ironically, holographic wills are the opposite of anything involving advanced technology; holographic wills, simply put, are wills that are handwritten and hand-signed and not formal typed documents. That does not mean, however, that they are any less legal in about half the states in America.
While most Americans are graced with families and friends, there are still some out there who, for whatever reason, do not have a large number of people at their side toward the end of their life. Maybe they had a small family to begin with and they just outlived them, maybe they had a falling out with their family, maybe they were just less social.