This Article is designed to be of general interest. The specific techniques and information discussed may not apply to you. Before acting on any matter contained herein, you should consult with your personal adviser.
If a person does not have a Will, on his death, California provides the following:
Separate Property: if the deceased had no descendants, it is shared by spouse and parents (or parents' descendants); if there are descendants, it is shared by the spouse and child(ren). [1 child: 50% to spouse; 50% to child. More than 1 child: 33% to spouse, 67% split among all of the children.]
If these dispositions meet your needs, do you still need a Will? YES! Probate Court proceedings are much more efficient and less costly if a Will exists.
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