Legal Question in Wills and Trusts in California

Comparison of Simple Will, Living Will, Living Trust
I am 47, single and have $400,000 AD&D insurance, $200,000 life insurance, a few of those $10,000 'free' life insurance policies included with various membership programs. I have no real estate, one car w/loan ($16K balance), one car owned outright ($4K), and various credit/other debt of about $10K. All of my family is living (parents in 70's, 2 sisters, 1 brother in 40's) and I have a 'significant other' that is a Mexican citizen with a passport, but no U.S. visa. I would like to leave at least 50% of my policy benefits to my significant other and the rest divided amongst my immediate family all with paying the least amount, if any taxes. How do I make sure my Sig. Other gets it's share.

Thanks

Asked on 2/09/00, 9:29 pm

Ken Koury Kenneth P. Koury, Esq.

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Re: Comparison of Simple Will, Living Will, Living Trust

Either a simple will or name the person as a 50% benificiary on the insurance poilicies.

Answered on 2/10/00, 11:36 pm

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