If you were to die in the state of California with no last will and testament in place, what would happen to your belongings? California, like other states, sets its own line of succession in regard to inheritance. Here is the initial line of succession, depending on family members who survive you.
- Spouse – Remember that this only applies to those who are legally married. If you have been cohabiting with the same person for many years, it may not be something you think about.
- Children – Things can get complicated if you have children with multiple people, so blended families shouldn’t rely on natural succession.
- Parents – If you are survived by your parents but do not have a legal spouse or children, they will be the next of kin.
- Siblings – If there are no closer relatives, your siblings should be contacted next.
Keep in mind that this line of succession depends on a court-appointed individual being able to identify and contact your next of kin. To ensure the line of succession or to change the order, you will have to perform your own estate planning. Also, planning ahead and executing the right documents will speed up the process and result in fewer assets going to the courts or state.
Planning Ahead for Succession in California
To ensure that your family receives what they deserve as soon as possible or to add charitable donations to your estate planning, you want the help of experienced estate planning attorneys. Call 619.344.0360 to contact the professionals at Petrov Law Firm.Read More