|
WILLS
We strongly recommend that each one of our clients should have a
will.
When a person dies without a will, the disposition of his or
her property, or estate, will be determined by law; in other
words, a state statute will provide which relatives will receive
the property of the estate and in what proportions. A Surrogate
Court Judge will also decide, among other things, who will be
the Administrator, or estate representative (the person who will
manage the estate), and who will be the guardian(s) of any minor
children who are left behind. In the worst case scenario,
where there are no surviving relatives (as defined in the law)
to inherit the property, the property in the estate could wind
up going to the state government by a process called “escheat”.
When
a person dies with a valid will in place, he or she gets to name
who shall receive the property in the estate, in what
proportions and in what manner, who shall be the estate
representative, or Executor (not a court appointed
administrator), and who shall be guardian(s) of any minor
children left behind. A will can also provide for special
purpose trusts.
Our office has prepared hundreds of wills, both simple and
complex, for our clients, most of whom elect to have us safe
keep their wills at our office, which we do at no charge, to
assure that the original will shall be ready and available when
needed.
Call us for a no cost
appointment to review and discuss your situation. We’ll give you
honest, individualized and straightforward advice about how you
can achieve your estate objectives, and answer any questions you
may have.
|