When it comes to a living trust vs will, here are some reasons why some may find a will to be preferable to a living trust. First, the cost of a living trust is often larger than a will. Second, the quantity of paper work required for a living trust is...
Per Capita vs. Per Stirpes
Often in wills or trusts, an individual will designate the shares given to individuals as “per capita” or “per stirpes.” What is the difference? Per capita means “per individual.” This means that if someone says, “I give to my children equal shares, per capita, my estate,” all individuals living at...
Information Regarding Wills
The statue of wills was enacted in 1540 by the Parliament of England and it is still used to govern the form of a will today. The statute of wills requires that a will be in writing, signed by the testator, and witnessed by at least two people. California law...