FEATURES & NEWS

Estate Planning

Guardianship Lawyer Queens

Guardianship Lawyer in Queens, New York At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship, elder law, wills,

Read More »
Estate Planning

Guardianship Lawyer Long Island

Guardianship Lawyer Long Island, New York At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship, elder law, wills,

Read More »
Video Game Actors Go On Strike
Estate Planning Law

Video Game Actors Go On Strike

Hollywood’s video game performers went on strike Friday after negotiations with major game studios came to a halt over artificial intelligence protections. Russel Morgan, a

Read More »
Estate Planning

Understanding the probate process

Understanding the Probate Process in New York At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship, elder law,

Read More »
Estate Planning

Estate Planning for Minors

Estate Planning for Minors in New York At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship, elder law,

Read More »
Estate planning at different ages
Estate Planning

Estate planning at different ages

Estate Planning at Different Ages At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship, elder law, wills, and

Read More »
Probate litigation
PRACTICES

Probate litigation

Probate Litigation: New York Probate Lawyer Dealing with the loss of a loved one is challenging enough without the added stress of handling their estate.

Read More »
Inheritance Dispute
PRACTICES

Inheritance Disputes

Inheritance Dispute Lawyer in New York Inheritance disputes can be highly complex and emotionally charged, particularly when family members are involved. If a loved one

Read More »
Will contest
PRACTICES

Will Contest

Will Contest Lawyer in New York Challenging the validity of a will can be a complex and emotional process. At Morgan Legal Group, located in

Read More »
Guardianship Proceedings
PRACTICES

Guardianship Proceedings

New York Guardianship Proceedings Guardianship proceedings are crucial in protecting the rights and assets of incapacitated individuals. In many cases, an incapacitated person may fall

Read More »
PRACTICES

Accounting

Navigating Estate Litigation and Trust Administration in New York Estate and trust administration issues can be complex, especially when dealing with asset accounting and managing

Read More »
Estate Litigation Law
PRACTICES

Estate Litigation Law

Expert Estate Litigation in New York with Morgan Legal Group Estate litigation involves numerous challenges, particularly when you’re coping with the loss of a loved

Read More »
Trust Reformation
PRACTICES

Trust Reformation

New York Trust Reformation Lawyer Trust reformation is a complex process that involves modifying a trust to correct issues and ensure it aligns with the

Read More »
Spousal right of election lawyer New York
PRACTICES

Spousal Right of Election

Spousal Right of Election in New York Understanding the spousal right of election is crucial for protecting the inheritance rights of a surviving spouse. At

Read More »
Real Estate Partition Action
PRACTICES

Real Estate Partition Action

Real Estate Partition Action Real estate partition actions can be complex and emotionally charged, particularly when multiple parties own property and cannot agree on its

Read More »
Protection of Beneficiary Rights
PRACTICES

Protection of Beneficiary Rights

Protection of Beneficiary Rights Ensuring the rights of beneficiaries is a critical aspect of estate planning and administration. At Morgan Legal Group, located in New

Read More »

A wills, trusts, and estate attorney is an attorney that offers expert assistance in creating wills and trusts to address the disbursement of your estate when you pass away.

As everybody has different needs and situations, there is no one-size fits all approach to estate planning. However, it is fundamental to begin estate planning by creating a will and trust. This sets the pace for how your estate plan will look like.

Although you can draft a will yourself, it’s advisable to get expert guidance from a wills and trusts attorney NYC. They would know the laws that apply to your estate and how best to plan for you, especially when you have a complicated estate.

Furthermore, trusts are more complicated estate documents and typically require professional hands.

Reasons to hire a wills and trusts attorney NYC

A Wills and trusts attorney ensures your documents are state compliant

One typical reason why you should consult an estate attorney is because estate laws differ across states.

For example, in NYC, a non-resident of New York can’t be your executor or trustee. Your spouse or child also cannot serve as a witness to your will. These among other laws do not bind all states, so it becomes important you consult an attorney in NYC to ensure your wills and trusts are compliant to New York laws.

Requirements for writing a will in NYC

  • The will must be in writing.
  • You (the testator) must be 18 years or above.
  • You must be of a sound mind at he time of writing the will.
  • There must be at least two witnesses concurrently present who must each sign and attest to the presence of each other.
  • The will must also contain the written signature of the testator.

Complicated situations that require assistance from an attorney in drafting your will

As we have said, you may not always need an attorney to draft your will for you. But there are complicated situations that you may need professional assistance to address.

  • You have a child with special needs
  • You have minors (children below 18 cannot inherit under New York laws)
  • You are in a blended family and need assurance that your own kids from the previous marriage get a share in your inheritance when you pass away
  • You have complexly owned assets and are unsure how they will pass on your death.
  • Incapacity can happen at anytime, and we need to plan for your care and asset management
  • You wish to shield your assets from liens, nursing home costs, etc, while qualifying for Medicaid
  • You have property in multiple states
  • Your debts are heavy and would drain your estate significantly if they are to be paid
  • You have a large estate that’s subject to huge estate taxes

Your Do-it-yourself wills and trusts may be inadequate

It is true that you can get New York estate documents online, print, and fill them out yourself. But there are problems with using these documents yourself:

  1. Documents you get online are stereotypical, typically handling only one estate.
  2. You would not have anyone to advise or you on what to do and explain things you don’t understand.
  3. You may make mistakes which may prove costly to amend.
  4. You may makes mistakes in your will no one would know about until you pass away. Then there would no longer be any chance to rectify things.

Updating your estate plan

Another reason why it’s best to hire a wills and trust attorney NYC is because estate planning is not a once-and-for-all affair. You would need to revisit these documents anytime your estate situation changes. For instance, you may acquire new assets, lose some, get divorced, lose a beneficiary, or get a new child or grandchild you would like to include as a beneficiary. It’s a great idea to keep a wills, trusts, and estate attorney close who can always make those updates without ruining the validity of the document, or its overall goal.

Furthermore, even people who think they have a simple estate may later find that they need support as their situation changes. Hence, it’s always beneficial to keep an attorney close who you can always rely on.

Contact our team of estate planning attorneys for your wills and trusts NYC

Our estate planning attorneys are highly experienced in creating wills and trusts for NYC residents. We would help you prepare your documents to ensure they are legally valid and protect your best interests. Call us to speak with a wills and trusts attorney near you in NYC.

Most Popular: