Another high-profile death has occurred and may serve as an alert to the public for not only the need for an estate plan in California, but also the need to keep such a plan current. Failure to update wills and other documents can have unintended consequences. John Singleton, a film director best known for directing the movie "Boyz n the Hood" died recently due to complications following a stroke. He was only 51.
For a variety of reasons, most people in California and elsewhere do not have a will. Estate planning is a personal and challenging task, so once a will is in place, it may seem like a victory. The testator -- the person who writes the will -- may be surprised to know that a will is a document that requires frequent reviews and revisions. In fact, there are specific times when updating one's will is critical.
Contemplating one's death is not a pastime most people wish to engage in. But failing to contemplate and plan on what happens to the property and people a person cares about in California can have serious unintended consequences. These can be avoided by taking some time to determine one's final wishes through estate planning.