Wills Long Island
Wills and how it Works A will is an estate planning document that allows a testator to designate the way in which their property will be distributed upon their death.…
Although they are different legal instruments, Wills (also referred to as “Testaments”) and Trust agreements both highlight the power of an individual or several individuals to plan and decide how their assets, money, funds and property will be distributed upon this person’s death or upon a certain event. Wills and Trusts are extremely powerful tools to enable individuals to protect their property if they become incapacitated, if they die or if they can no longer manifest the way they want to distribute their assets. Importantly, Wills and Trusts enable an individual to plan ahead and avoid later disputes regarding a deceased person’s assets.
A Last Will and Testament is a document with a legal value and authority if executed properly and under the conditions prescribed by the law. A Will sets the way the decedent’s property will be distributed and to whom it will be distributed, upon the decedent’s death. After the passing of a testator (the person who executed a Will), a Last Will and Testament must be admitted into probate where its validity will be examined. The so-called “probate proceeding” will take place at the Surrogate’s court where the decedent had his or her last permanent residence.
A Trust is a legal agreement by which a individual owning some property (a Grantor) entrusts another person (a fiduciary, a trustee) as the title owner of the property for the benefit of one beneficiary or several determined beneficiaries. There are multiple types of trust arrangements. The drafting and preparation of a trust must be tailored to the client’s needs, personal or financial objectives and intent with his or her property regarding the beneficiaries of the particular trust. A trust, regardless of the type, is a complex document requiring an experienced attorney to achieve a client’s goals and ensure its validity.
Wills and how it Works A will is an estate planning document that allows a testator to designate the way in which their property will be distributed upon their death.…
Writing a Valid Will Last Will is an estate plan that holds detailed list of instructions as to how your property should be shared after you die.In order to ensure…
Will is an essential estate document A will is an important estate planning document. More officially, it is referred to as a Last Will and Testament. A last will and…
What is a will? Your will or last testament is a legal document in which you state clearly your wishes concerning how you want your assets to be distributed after…
Will Lawyers A will is an estate planning document that allows a testator to designate the way in which their property will be distributed upon their death. Generally in most…
Dealing with mistakes made in will There are some mistakes that are terminal to a valid Will. Generally the contest of a Will is limited to mistakes of external validity…
Last Will and Testament Last Will is an estate plan that holds detailed list of instructions as to how your property should be shared after you die.In order to ensure…
Creating your Will Make the right plans now by preparing your will with an experienced will lawyer in New York. No matter the financial or medical situation you are, it…
Last Will and Testament Last Will is an estate plan that holds detailed list of instructions as to how your property should be shared after you die.In order to ensure…
The use of Medicaid trust Queens in estate planning raises a number of questions. Two very important questions thus raised are how will the transfer of asset into the trust…