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Will and Trusts

All About Wills and Trusts Welcome to Morgan Legal Group P.C., your trusted partner for expert guidance on estate planning, Wills, and Trusts in New

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Wills And Trusts Attorney Brooklyn
Estate Planning

Wills And Trusts Brooklyn

As people get old, they begin to have concerns regarding how their hard-earned assets will be taken care of when they die. As vile as

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estate lawyer in NYC
Estate Planning

How much is an estate lawyer in NYC?

Introduction Planning your estate is a crucial step in securing your financial future and ensuring that your assets are distributed according to your wishes. When

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What You Need To Know About CFEEC
Estate Planning

What You Need To Know About CFEEC

CFEEC BASICS The CFEEC clinical chaperon will get information about the assistance you truly need and the thought you are getting now. If someone in your life is helping you with remedying now with any care, they can help the clinical guardian how they help, when they are free, and what you genuinely care about. The chaperon will ask whether you truly need any ideas to do these tasks. Accepting someone in your life can help you with depicting your necessities. In addition, they really ought to get a chance to chat with the specialist during the evaluation. These clinicians should realize what kind of medical care you have right now. It would help if you had all of your clinical service cards to show the specialist. Illuminate your support concerning whether you have applied for Medicaid while holding on for your Medicaid card. The chaperons will get some data about your solutions all in all. It might be helpful to summarize all of the drugs you take to show the clinical specialist when they evaluate you. FAQ 1.

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Medical Power of Attorney
Estate Planning

Medical Power of Attorney

What Is Medical Power of Attorney A force of lawyer is an authoritative archive that designates somebody as your delegate and enables that individual to

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Family Law and Elder Law
Estate Planning

Family Law and Elder Law

Family Law Family regulation contains a gathering of goals and case perspectives that supervise the real obligations between individuals who offer a private affiliation. When

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DIY Estate Planning Has Its Risks
Estate Planning

DIY Estate Planning Has Its Risks

What’s DIY Estate Planning? DIY stands for “Do It Yourself” and can be risky when making one instead of having a professional help you for

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Free General Power-0f-Attorney
Estate Planning

What Is a Power of Attorney?

Part of planning for the unforeseen may include giving another person the power to make decisions on your behalf. This power of attorney is granted

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Pavitra immigration lawyer NYC
immigration

Pavitra immigration lawyer NYC

Immigration Lawyer Near Me The Indian-American community in the U.S. is speedy growing. They face a range of immigration-related troubles which require an expert lawyer

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Alternatives to probate
Estate Planning

Alternatives to probate

For many people the prospect of going through probate can be overwhelming. Probate is a mandated process that takes place after a person has died

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How hard is it to contest a will in New York?
Estate Planning

To contest a will in New York

Contesting a Will The New York will contest process is no longer as complicated or hard as it seems. The most frequent way to contest

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What is a Valid Will?

A will is an important estate planning document. More officially, it is referred to as a Last Will and Testament. A last will and testament is a legal document written by a testator, which contains the testator’s wishes and desires regarding how he wants his estate dealt with after he passes away. In order to ensure your surviving family, relative, special friend or loved one, or even a pet is well taken care of after your death, you have to specify clearly in your will what portion of your asset you want distributed to that person. Also, you would have to appoint an executor who will take responsibility of your will when you die.

If cases where the deceased has minor children, a Will may contains a named candidate to act as a guardian for your children.

Probate of a Will

Last will are always faced with probate before they can be implemented. When you pass away, your family is faced with the challenge of managing and sharing your assets among themselves. This is a delicate, emotional and trying time, when they will be faced with a lot of decisions to make. Leaving them without a Will–a valid one–will make things even more difficult for them. Probate in itself is the legal process of determining the validity of a will before its contents are carried out. Not all Wills are valid. For instance, a Will valid in one state may be invalid in another state. A will attorney would guide you through documenting a valid Will in New York.

A will may be contested. When one or more parties feel that the deceased was forced into signing the will, or that they are being cheated out of their inheritance, such party may issue out a petition of contest of will. Thus, increasing the probate process.

In a case where you pass away without a written will, the Surrogate’s court will pass a judgment of estate administration. Estate administration which is backed by laws of intestacy, is done in a case where there is no valid Last Will of the deceased. The estate will then be distributed among the family and relatives according to these intestate laws, and this will see the estate being distributed against the wishes of the beneficiaries. Intestate Laws vary across different states.

Requirements for writing a will in New York

According to the New York state laws effective in every borough within the state, a will must be written by a person of at least 18 years for the will to have a chance to pass as valid in a New York Probate Court. When signing or acknowledging your will, you must do so in the presence of at least two witnesses, and you must declare to these witnesses that the document you’re signing or acknowledging is indeed your last will. Both witnesses would have to sign in front of you to prove their presence, after which you pen your signature at the bottom.

While you can have your witnesses sign the same time as you, New York state law gives you an ultimatum of 30 days to have your witnesses observe you acknowledging or signing the will.

Also, beneficiaries would have to be named in your will, persons in whose possessions your estate will fall to after your death. A beneficiary could be a person or an organization.

Why you need a Will Attorney New York

You have seen the laws backing writing of wills in New York. If any of these laws is flouted, then your wishes in the will are as good as nothing. Assuming you have a loving friend who you want financially cared for after you die and you state this in your will. If the will doesn’t pass probate, then that loving friend would get nothing from your estate, as intestacy laws in New York only acknowledge your closest relatives as heirs to your estate.

Hence, you do not want to make any mistakes. A Will Attorney New York would, when consulted, offer relevant advice in drafting a will that best satisfies your wishes. Protect the financial future of your loved ones today. Contact a Will Attorney New York.

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