New York’s Number 1 Estate Planning Probate Attorney/Lawyer in Suffolk County
Morgan Legal Group PC is Suffolk County, New York's leading estate planning and probate law firm.
The Suffolk County, NY’s Probate and Estate Planning Attorneys at Morgan Legal Group are ready to help you with any issues you may have.
What is the difference between probate and estate planning, and how can a probate or estate planning lawyer assist you, among other questions?
Questions And Answers
It’s essential to start planning your estate as soon as possible to guarantee that your wishes for your estate are carried out in the future.
The majority of Suffolk County residents believe they lack an estate and that estate planning does not apply to them. The key thing to remember is that it applies to everyone. A bank account or real estate properties are both considered estates.
When the inevitable comes, estate planning will guarantee that your estate is dispersed according to your wishes. You may use every estate planning tool accessible to you before you die to affirm that your estate is given to whoever you want and administered according to your wishes.
There are a variety of things that might influence the expense of your estate planning. It will vary based on your demands, financial capabilities, and any other legal expenses that may be incurred. The cost of your estate plan will be digested, computed, and summarized by your estate planning attorney.
To schedule a free first appointment with an estate planning attorney, contact the Morgan Legal Group P.C. in Suffolk County. We will make certain that you have a thorough estate plan that meets your needs.
The deceased’s belongings and assets will be divided to his or her heirs if there is no Will. This, of course, will be determined by the heirs’ level of kinship. In Suffolk County, intimate family members, such as the spouse and children, will share what their loved one has left behind. Typically, the deceased’s wife or spouse will receive $50,000 in assets and half of the inheritance, with the remaining portion of the estate going to the children.
If there is no wife, spouse, or children, the remaining inheritance will be divided among all the grandchildren. If all of the above are not present, the inheritance will go to the deceased parents, and if the parents are not present, the estate will go to the deceased siblings or their children.
The probate procedure, its importance, and why it is always required when someone dies without a Will can be perplexing and leave you feeling bereft. Probate is the legal procedure that occurs when a person dies and leaves a Will. The objective of the probate procedure is to have a court confirm that a deceased person’s Will is genuine, written correctly, and attests that the deceased person was of sound mind while making decisions about how to divide his or her wealth.
In addition to establishing the legitimacy of the Will, a probate procedure will certify that the administrator of the will is permitted to act as the executor of the estate.
Probate is required for every Will that is made. Probate is a required and essential process if the dead signed a Will prior to his or her death. A probate proceeding before the Surrogate’s Court is necessary even if the Will is not refuted or even if it specifies a directive that the appointed Executor is instantly able to administer.
Whether your will was poorly drafted or drawn up by a seasoned attorney, it will inevitably be subjected to probate.
Wills and trusts are two independent legal instruments that serve different objectives. The person who created the trust may still be alive when it is carried out, and the trust has a specified time and date for execution. A Will, on the other hand, will be read only after the individual who made it has passed.
To get the best advice on whether or if you should establish a Will or a Trust, call one of Morgan Legal Group’s seasoned will and trust attorneys.