What Happens If You Die Without a Will?

Last month, McCall Evans and Adam Elgart, Esq., hosted a webinar on the importance of creating a will — and what happens if you don’t have one. Questions about your estate plan? Contact Elder Lawyer for You at (609) 823-4900.

0:00 Introduction

0:57 When There’s No Will: A Family Story

2:47 How State Law Decides Who Inherits

6:20 What a Will Does: Three Ways to Distribute Assets

9:08 The Three Parts of a Will: Specific Gifts, Personal Property & the Residue

12:09 Excluding Beneficiaries & Blended Family Issues

12:59 Naming Guardians for Children & Pets

15:06 How Trusts Work — And Why You Still Need a Will

16:05 Living Wills & Healthcare Power of Attorney

20:05 Financial Power of Attorney

21:22 Probate Bonds: The Extra Cost of Dying Without a Will

23:45 Intestacy Rules: Assets Pass by Bloodline

26:02 Storing Your Documents & Telling Family Where Things Are

31:31 Closing & How to Contact the Firm