Wills
A Will is a written or oral communication by a person stating how they want their property disposed of at death.
When you die without a Will you die intestate. What this means is that your estate will go through intestacy proceedings in probate court. The state will then make all the decisions you could have made if you had taken the time to make out a Will. For example:
The state will decide who will inherit from you using your state's intestacy laws.
The State will decide who should oversee the administration of your estate.
The state will pay your estate administrator out of your estate's assets. Often, the person you choose in your Will to act as executor will offer to serve without pay. In addition, with a Will you would have had the chance to waive the requirement that your executor post a bond. The state will likely require the court appointed administrator to post a bond. The bond will be paid for out of the assets in your estate.
The state will choose the guardian for your children without any input from you.
Our firm will work with you to prepare a Will that best describes your wishes. Whether you have concerns about the care of your minor children, or you are worried that a medical condition will leave you unable to care for yourself, thoroughness and preparation now are crucial to making sure that your wishes are carried out later. In the area of probate, our attorney can assist your named executor in marshaling your assets, and in advising them on their distribution according to your will. In all matters of wills and estates, we will keep you informed, and fully explain every part of the process. We can also help families administer the estate of a loved one who has passed on without leaving a will through the use of the New York State Administration Laws.
Call us today at 718.261.8803 or contact us online to discuss how we can help you.