Rarely. While it is much advisable have your personal will, dying without a will isn’t fatal (Ouch. I’m sorry about that pun). It is called dying “intestate.” The states have enacted statutes that apportion an estate among predesignated classes of beneficiaries when there is no Benefits of including a living trust in Your estate Planning will. For example, the laws of intestacy in California provide that the person dies without a will the companies estate (his or her separate property or community property share) will be split 50% - 50% between the children then living and the surviving other half.

At legal court hearing regarding her conservatorship, Mrs. Banks felt a bit more like themselves. When the judge interviewed her on witness stand, she responded normally. But because a doctor hadn’t signed the letter stating she had fully recovered, the judge was hesitant to set aside that court-approved trust and return her property to Mrs. Benefits of including a living trust in Your estate Planning. The judge did increase her living allowance, nevertheless the court-appointed bank continued to serve as trustee of her trust and control her assets.

I encourage you to train yourself. Books are not expensive