FEATURES & NEWS

Common Probate Issues In New York
Estate Planning

Common Probate Issues In New York

Common Probate Issues Probate is a legal process that occurs after an individual passes away, involving the distribution of their assets according to their will,

Read More »
Estate Planning Tips in New York - Morgan Legal Group
Estate Planning

Estate Planning Tips:

Estate Planning Tips in New York Estate planning is a vital process for ensuring that your assets are protected, your healthcare decisions are respected, and

Read More »
Guardianship Attorney in NYC
Guardianship

Guardianship Attorney

Guardianship Attorney in NYC In New York City, the need for guardianship arises when an individual can no longer make decisions for themselves due to

Read More »
Totten trust is a type of trust
Estate Planning

Understanding the Totten Trust

Understanding the Totten Trust in New York In the complex world of estate planning, the Totten Trust often stands out as a unique and straightforward

Read More »
Find the best probate attorney near 10027
Estate Planning

Probate Attorney Near NYC

Best Probate Attorney Near Me 10027 NYC When dealing with the death of a loved one, the last thing you want to worry about is

Read More »
Understanding Estate Planning
Estate Planning

Understanding Estate Planning

Understanding Estate Planning in NYC Estate planning is a critical process that involves organizing your assets and making arrangements for how they will be managed

Read More »
Your Estate Plan After Divorce in New York
Estate Planning

Your Estate Plan After Divorce

Your Estate Plan After Divorce in New York Divorce is a significant life event that brings about many changes, both emotionally and legally. Your estate

Read More »

Will an Attorney in New York: Protecting Your Future

Creating a will is one of the most important steps to plan for your future and protect your loved ones. A will ensures that your assets are distributed according to your wishes after your death. However, the complexities of New York law mean that it is critical to work with an experienced will attorney to ensure that your estate is executed correctly and your legacy is preserved.

What Is a Will?

A will is a legal document that outlines how you want your assets to be distributed after your death. It can include instructions for the distribution of property, personal items, bank accounts, and more. A will also allows you to appoint an executor, the person responsible for carrying out the instructions in the will, and a guardian if you have minor children.

In New York, a valid will must meet specific legal requirements, including being in writing, signed by the testator (the person making the will), and witnessed by at least two people. The absence of these formalities can lead to the will being declared invalid, which can cause your estate to be distributed according to the laws of intestacy rather than your personal wishes.

Why You Need a Will Attorney in New York

New York State laws governing wills and estates are complex, and making mistakes during the drafting process can have serious consequences. Working with a will attorney in New York ensures that your document is legally sound and enforceable. An experienced attorney will guide you through the entire process and ensure that your will meets all the state’s legal requirements.

Key Roles of a Will Attorney

A will attorney provides essential services that go beyond drafting a simple document. Here are some of the key roles an attorney plays during the estate planning process:

1. Tailoring the Will to Your Specific Needs

Every individual’s estate planning needs are unique. A skilled will attorney will assess your personal situation, including your assets, family dynamics, and goals for your estate. This allows them to craft a will tailored to your specific needs, ensuring that every detail is addressed. Whether you own multiple properties, have complex financial investments, or need to account for blended family dynamics, your attorney will create a customized plan for you.

DIY will kits or templates often fail to account for the nuances of state law, leaving your estate vulnerable to disputes. Your attorney will help you avoid common mistakes such as improper execution, unclear language, or failure to account for all assets. By ensuring that your will complies with New York laws, your attorney helps to minimize the risk of your will being challenged in court.

3. Addressing Potential Family Conflicts

Managing potential family conflicts is one of the most sensitive aspects of estate planning. Disputes can arise over the distribution of assets, guardianship of children, or decisions about medical care. A will attorney can help you address these issues proactively by incorporating clear and enforceable language in your will. Additionally, your attorney can advise you on alternative estate planning tools, such as trusts, to further protect your assets and ensure your wishes are respected.

4. Keeping Your Will Updated

Life events such as marriage, divorce, the birth of children, or the acquisition of new assets may require updates to your will. A will attorney in New York will inform you when and how to update your will to reflect these changes. This ensures that your estate plan remains current and that your assets are distributed according to your most up-to-date wishes.

New York has specific legal requirements that must be met for a will to be valid. These include:

  • The Will Must Be in Writing: A verbal or unwritten will is not legally recognized in New York.
  • Signed by the Testator: The person making the will (testator) must sign it at the end of the document.
  • Witnessed: Two witnesses must sign the will in the presence of the testator and each other, confirming that the testator has executed the will voluntarily.
  • Competency: The testator must be of sound mind and at least 18 years old at the time of making the will.

If these requirements are not met, the will could be deemed invalid by the court. In such cases, your estate would be distributed under New York’s intestacy laws, which might not align with your wishes.

What Happens If You Die Without a Will?

If you die without a will, also known as dying “intestate,” New York law will determine how your assets are distributed. Under intestate succession, assets are generally distributed to your closest relatives, such as your spouse, children, or parents. However, without a will, you lose control over who receives specific assets, and the process can become complicated, especially if you have a blended family or other unique considerations.

The Role of an Executor in New York

One of the most important decisions you will make when drafting a will is appointing an executor. The executor is responsible for ensuring that your will is carried out according to your instructions. This includes paying off any debts, filing the necessary court paperwork, and distributing assets to beneficiaries.

In New York, the executor must be at least 18 years old and not convicted of a felony. Choosing the right executor is critical because they will oversee the entire estate settling process. A will attorney can help you select the best candidate and ensure that your executor understands their legal obligations.

Considerations When Selecting an Executor

Here are some key considerations when selecting an executor:

  • Trustworthiness: The executor should be someone you trust to carry out your final wishes accurately and ethically.
  • Organizational Skills: The executor should be capable of handling the administrative tasks involved in closing an estate, including dealing with courts, beneficiaries, and creditors.
  • Impartiality: It’s important to choose someone who will remain neutral in the event of family disputes or disagreements among beneficiaries.

At Morgan Legal Group, we have years of experience in helping New Yorkers navigate the complexities of estate planning and will drafting. Our team is committed to ensuring that your will is legally sound, comprehensive, and tailored to your specific needs. By working with our experienced attorneys, you can rest assured that your assets will be distributed according to your wishes and that your family will be protected.

Conclusion

Creating a will is one of the most important steps you can take to ensure that your assets and loved ones are protected after your death. With the help of a skilled will attorney, you can navigate the complexities of New York law and create a legally sound document that reflects your wishes. Don’t leave your estate to chance—contact Morgan Legal Group today to start planning for your future.

Most Popular: