How can I provide for my dependents after I die?

One way to provide for dependents after death in California is through estate planning. Estate planning is the process of arranging and planning the transfer of assets and property after death. Through estate planning, you can decide how your assets will be distributed among your dependents. The most common way to provide for dependents is to create a Last Will and Testament. This document states who will inherit your estate after you die. You can name your dependents, such as children or grandchildren, as beneficiaries. You can also specify specific assets that you wish to be given to these dependents. A last will and testament can help ensure that your estate is distributed according to your wishes. Trusts are another way to provide for dependents after death. Through a trust, you can name a trustee who will manage the trust assets for the benefit of your dependents. The trustee is responsible for following the terms of the trust, which can include distributing income and assets to your dependents. You may also name a guardian for your dependents in your estate plan. A guardian is someone who will care for and provide for your dependents after your death. This can be especially helpful if you have children who are minors. Estate planning can help ensure that your dependents are provided for after you die. It is important to speak with an estate planning attorney to ensure that your estate plan is created in accordance with the laws of California.

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How can I provide for my dependents after I die?

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