When writing your will, you may be thinking of simply dividing your money and assets up evenly between your children. While you can do as you please, and this is what many people choose, it can be interesting to look at investor Warren Buffett's thoughts on the...
Wills
Those in creative professions must have updated wills
Wills are very important for everyone, including those in creative professions. This could include writers, painters, graphic designers and musicians. Experts and others in the field have encouraged people in these industries not only to have wills, but to update them...
What do millennials need to know about estate planning?
No matter how old you are, it is important to have an end-of-life plan in place. Nevertheless, approximately 55 percent of adults in our country pass away without an estate plan or a will. Considering how easy and inexpensive it is to complete a basic estate plan that...
How you can revoke a will
If you've drafted a will and it no longer applies, you can revoke it or change it. This is commonly done when there are big life changes, such as getting married, having a child or getting divorced. The process to revoke the will is very straightforward, but it's...
Putting a will in place can help your heirs know what you want
Putting a will together can be a long process if you don't have an attorney to help you. Your will needs to be able to stand up to scrutiny and be water tight if your heirs decide to contest it. You may want to contact an estate-planning law firm like [nap_names...
How a will focuses on protecting your kids
As a parent, you constantly think about protecting your kids. It's one of the most important things you do on a daily basis, and it has probably been that way since the day your first child was born. What you should know, then, is that making a will is just one more...
How does the reading of a will really take place?
During the estate planning process, many people want to know if a "reading of the will" occurs as seen in many television shows and films. Most of the time, people expect family members and close friends to be called together to hear the terms of the deceased person's...
A few things not to add to your will
You want your will to be as complete as possible so that there is no confusion after you pass away. However, that doesn't mean you can put absolutely everything in it, and it's important for people in New York to know what they should leave out. For example, it's...
Can you just cut everyone out of your will?
Perhaps you're drafting a will in New York and you honestly don't want to leave your wealth to anyone—not your spouse, not your children and not any other family members. Maybe you've had a falling out or you just don't think they deserve it. No matter the...
The attorney’s role in creating wills and estate plans
Do you need an attorney to prepare your will in New York? The answer depends on your ultimate goals. The digital environment offers a plethora of do-it-yourself websites and computer software programs that can indeed take the lawyer out of the equation. However, in...