Legal Question in Wills and Trusts in California
inheritance
I have been married 45 years. My husband has not made any provisions for our future. What will happen to our assets, (a business and bank accounts etc) if he continues to not attend to it (i.e. will, trust etc)?? we have five adult children and four grandchildren. There is no attorney that he has trusted with any of this. He's a skeptic and a procrastinator (obviously!)
2 Answers from Attorneys
Re: inheritance
from the facts given, your husband's separate property would pass intestate (if he does not have a vaild will) according to the laws of the state, while you would get your 1/2 community property interest. if you would like further assistance, email me with more facts.
Re: inheritance
With no will, your community property (those things you own together and purchased with earnings after your marriage) would go to the surviving spouse, while any separate property (inheritances, gifts, property brought to the marriage) would go partially to the surviving spouse and partially to your children (1/2 to spouse and 1/2 to child if one child, and 1/3 to spouse and 2/3 to children if more than one child).
You are certainly not alone in your situation--many people are married to the procrastinating (and often secretive) spouse. In many cases I just prepare the estate plan of one spouse, if we realize the other spouse will never "get around to it." Of course, it's better that the spouses agree and have a complete plan, but you should at the least know your property will go where you want it to go and that you'll have made provisions if you're later disabled and need someone to take care of things for you.