Wills & Estates
Estate planning and wills are essential for maintaining financial independence throughout life, safeguarding assets, and ensuring that financial intentions are carried out in the future. You can decide who will inherit your inheritance when you pass away and what will happen to your personal and financial affairs in the event that you are no longer able to make decisions for yourself. An appropriate estate plan would also consider the financial effects of death, such as capital gains and superannuation taxes.
“an executor is the person who "executes" or carries out the terms of your Will. Among other things, they make sure your chosen beneficiaries actually get the assets you're passing on to them.”
When thinking about your estate planning and financial preparations, there are legal considerations that need to be made. Our knowledgeable Will and estate lawyers in New York can assist you with this. Important matters that should be included in your Will include how it is drafted, who will serve as trustee and executor, how your estate will be divided, and who will name guardians for any minor children.
Drafting a Will,
Considering one’s death is unpleasant, but we all need to realize that we cannot live forever. We will end
up passing on our legacy to loved ones within our family or others we nominate in our wills. If you do not
have a will, your estate (that is your property) will be distributed intestate in accordance with the
provisions of New York's Estates, Powers and Trusts Law (EPTL). If you want to have a say in how your property is
to be distributed following your death, it is important you have a will.
