When you are facing your life in general, you can easily see that there are assets and property that must be dealt with should you pass away. A will is a part of your estate plan that can outline exactly what you want to see happen to your assets when you are no...
Wills
What are some reasons that a will may be challenged?
A will is a legally binding document that has to be respected in New York, but that does not mean it can't be challenged. In certain cases, family members feel that the will is unfair and needs to be thrown out. Common reasons include: 1. Saying that the will was...
Three tips to use when drafting a will
Drafting a will doesn't have to be overly complicated or difficult, but it does need to be done properly in order for it to stand up after your death and ensure that things are handled as you intended. The following are three tips that can help make sure that happens....
Putting a will in place gives peace of mind
Putting a will in place can give you the peace of mind that comes from knowing that you have done your best for your family or for a charity that you want to gift when you are no longer here. If you don't put a will in place, your assets and property go into probate....
What are some good questions to ask while a will is drafted?
Are you thinking of drafting a will in New York, either for the first time or as a replacement for an outdated will? If you are, the following are a few key questions that you want to ask yourself: 1. Who is going to be in charge of the will? Writing the will is one...
Your will can’t address all of your monetary assets
When writing up a will in New York, you're probably going to think, first and foremost, about your money and your monetary assets. You may have other assets -- like a house or a car -- but the money is still the main thing a will splits up. However, as you'll see,...
Consider having an attorney as the executor of your New York will
Forming a will is a good first step in any estate planning. However, your last will and testament should do more than simply inform a Surrogate's Court as to how you wish your property and assets distributed following your death. Many people often overlook the...
What should I know about bitcoin and estate planning?
According to IRS Notice 2014-21, bitcoins are not to be handled as currency in estate planning proceedings. Rather, they are to be viewed as property by courts. This creates some unique scenarios that New York estate planners who own bitcoin should be aware of. First,...
Getting an attorney to help craft your will is a good idea
Having a will in place can be a true blessing. Knowing what will happen when you are gone and can no longer voice your preferences can be such a good thing. Your will can see that your property and assets are left to the people or organizations that you want them to...
How do I change my will?
Changing your will is not that difficult, but it needs to be done right in order to avoid problems later on down the road. Most importantly, during the drafting a new will, the old will must be revoked. Revoking an old will is achieved by including a special statement...