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Estate Planning Lawyer Long Island

Estate Planning Lawyer Long Island

Mortality is a grim but stubborn fact of human life. You cannot live forever, and it is important to create a document, a plan, a set of instructions that distributes and disposes of your capital in the way that accords with your wishes. You do not have to be amongst the wealthiest class of persons to engage in estate planning. If you have accumulated capital, assets, and property that are of some value, and you wish different portions to go to particular family members, friends, and independent institutions, then you should start thinking specifically about who should get what.

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Last Will And Testament Lawyer

Last Will And Testament Lawyer

Writing a valid will is one major step towards avoiding issues that may be costly and time-consuming. A will contains the identity of the executor that the testator trusts, appointed legal guardian for the children, and revoking clause if there is a previous will among other things. Estate planning helps to eliminate any discrepancies or legal issues that may arise after the death of the testator. Even though it is not compulsory to have a will notarized in NYC, it is highly recommended for one to notarize it. This means it is u201cself-provingu201d and can make probate easy and fast. A will must be kept in a safe and easily accessible place. Upon the death of a testator, the will needs to be filed in the New York Surrogate Court and in the county where the decedent lived. The original last will is to be accompanied by a petition for letters testamentary. The executor or his attorney file probate and furnishes the court with information about heirs and beneficiaries. Heirs and beneficiaries need to be notified of the ongoing probate proceeding. A probate proves the validity of a will and in some cases, there is a will contest.

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