When an estate plan is created in Rochester and throughout New York State, the goal is for the testator to detail what he or she wants and for the document to result in those desires coming to pass. However, if there are significant assets and would-be heirs who were not given what they believe to be their fair share, it can be the impetus for a court battle and extended legal dispute. It is unfortunate that this happens, but in many cases, there is a justifiable reason for the family members to take issue with how the estate was formulated and to move forward with estate litigation. Having legal assistance from a law firm that is experienced in these matters is crucial.
Late singer's death without a will puts focus on estate planning
New York residents who downplay the importance of crafting estate planning documents will often have a litany of excuses as to why they do not believe it to be a fundamental aspect of life. Some of them, at first glance, might even make sense. However, everyone needs to consider the value of an estate plan. This is true whether they are wealthy, have limited assets and income, and anywhere in between. This reality is surprisingly hammered home by the revelation that prominent people who had significant wealth died without having crafted a will or any other estate planning device. Such is the case with the singer Aretha Franklin.
When can wills be revoked or altered in New York?
Even when New York residents take the steps in drafting estate planning documents, that does not mean that changes will not be desired or necessary as time passes. In many cases, the person does not realize what must be done to change a will and does not go through with it leaving confusion and disputes after he or she has died. Knowing how to revoke or alter a will is imperative should a circumstance arise in which it becomes necessary to do so.
A legal dispute over an estate requires experienced legal help
The death of a loved one in New York can be difficult enough without legal wrangling as to the contents of their estate. However, it is an unfortunate reality that people will not hesitate to begin a legal dispute over who will receive what. This is not limited to large estates, but it can happen with more modest and small estates too. One certainty regardless of the size of the estate and what it contains is that any legal dispute, will contest or court battle requires help from an experienced law firm.
Talking to your husband about creating a will
Discussing death with your spouse can be sad and frightening. Most husbands and wives do not want to think about a future without one another, and the thought of creating a will for your assets after you die seems too presumptuous.
Is there a kind way to disinherit a child?
Part of a parent's job is to provide for their children. However, as kids get older and start making their own decisions and leading their own lives, they need -- or want -- less from their parents.
Can I keep my estate planning documents secure online?
A growing number of New York residents and people across the nation are choosing to keep their important documents online. Some companies are offering services to help them with this endeavor. While it might be viewed as a natural progression and there are benefits to doing this, it is important to put very careful thought into whether it is a good idea.
