When it comes to estate planning, no two individuals or families are alike. You need an attorney who will listen to your questions, hear your concerns, and provide a personal approach and estate plan tailored to your personal needs.
When you don’t have an estate plan, the court will decide what happens to your assets based upon New York statutory provisions. Those statutory provisions are often different from how you would what your assets distributed. For example, if you die without a will leaving behind a spouse and children, your spouse does not automatically receive your entire estate – – it will be shared with your children. Additionally, you may have wanted the children’s share of your estate to be held in trust until they reach age 21, or 25, or 30. That will not happen without a will.
Proper estate planning will save you and your loved ones from some of the stress and difficulty faced when you do not have a will and other estate planning documents that are tailored to your needs. You need an estate plan that is right for you and your family.