Have you considered creating a Will? Many of us live for ourselves until the time comes when we are surrounded by the people we really care for and love. From that point onward, we live in a way that we can help those special people who make life worth living. Those who have a lot of people depending on them do tend to get worried when they think about what will become of the most important persons in their lives after they pass on from this world.
Creating a will is, perhaps, one of the most crucial legal documents a person can create during their lifetime. The document offers you the opportunity to distribute your assets, both financial and personal, among the people whom you think deserve them. It allows you to take care of them even after you are no longer with them.
What a Will Accomplishes
Your will, enables you to handle the affairs of your estate even after you die. There are a number of things you can achieve by creating a successful will.
- Through a will, you can establish who gets your property. This is not just limited to those you know. It can even be your favorite charitable organization.
- You can select whom you deem worthy of taking on the responsibility of caring for your children if they are still minors at your passing.
- You can appoint someone trustworthy to administer the assets you left for the inheritance of your children if they are minors until they reach adulthood or the age you determined.
- You can select someone to become the will executor. It is someone you can place your faith in to make sure that your demands defined in the will are honored.
A will lawyer in New York can help you to create a will that can help you accomplish your desire to offer inscrutable financial security for your closest people through your assets after you die.
What happens if You Do not Make a Will Before You Die?Many people have a misconception that dying without this legal document entitles the state to take your property in its own name. Let us put your mind at ease by letting you know that this is the last possible thing that can happen if you do not create a will before you pass away.Dying without a will set in place means that everything you owned shall be distributed based on intestacy laws. In New York, the intestacy law automatically distributes the property you owned to the closest relatives.
Your living spouse and children are the most viable recipients to inherit your assets. For those who die without leaving any living spouse or children behind, your assets are given to your grandchildren or parents. As the list of possible relatives keeps going on and they are not found, the people likely to get your properties after you die includes your distant relatives who are alive.
Only when the court cannot find anybody with a link to you through blood or marriage will the state take ownership of your estate. The chances of that happening are slim to none.
The Importance of Having a Will Lawyer in New York
Technically speaking, you have every right to make your will without consulting a lawyer in the State of New York. In fact, there are plenty of resources online that can help you create a will. However, navigating all the intricacies of the law, utilizing proper language, and understanding what you can and cannot include in your will are things that people with basic knowledge of the law cannot understand. Additionally, the online resources and computer software available to help create wills cover only the basics of will creation.
Consulting a licensed and trained lawyer allows you to tackle the more complex concerns you must have regarding the distribution of your estate. Cases where you feel that you should disinherit someone, or you want to be particular about the allocation of your assets need someone who can understand, and has dealt with cases like that before.
A will lawyer in New York will offer you the kind of insight you need to create a fool-proof will. Instead of wasting your time trying to create a will through methods that have not stood the test of time, it is ideal to stick to the old-fashioned (and effective) way of drafting the legal document.
The best estate planning lawyers in New York will work closely with you from the point of drafting the document to the point of the execution of your wishes regarding the estate after you die. Choose an experienced lawyer who has dealt with complex cases during his or her career, so that your loved ones can reap the benefits of the seeds you sowed for them over your lifetime.