How Wills Figure Into Comprehensive Estate Planning

Preparation of a will can provide peace of mind, answering important "What if?" questions for adults of any age. It can lay the groundwork for a smooth end-of-life process. A will directs executors (personal representatives) and the probate court in how assets will be distributed after death. It can incorporate trusts to help simplify the administration of your estate after your demise. Its provisions may to be critical with regard to business partners and creditors. A properly executed will can prevent disputes and litigation such as will contests.

Does Everyone Need A Will? Yes.

Creating and formalizing a will can avoid unnecessary expenses, time and effort for whoever will wrap up your affairs when your life is over. If you die intestate, or without a valid will, the burdens on your next of kin or other heirs can be great. Prevent the trouble triggered by intestacy. Direct the distribution of your estate in your own words in an updated, properly executed will.

Is A Will Only About Money? No.

In addition to spelling out how your assets should be distributed, a will can also designate preferred guardians for minor children. It can provide for the payment of debts and spell out funeral and burial wishes. These personalized aspects of a will can make a great difference to next of kin who are finalizing affairs and carrying on with life after a death in the family.

Our Law Firm In Queens And New York City Can Review Your Will

Even when properly drafted and executed, a will should be reviewed periodically. Our lives are full of significant events and changes, and instructions in a will written a few years ago may no longer apply to our new situations. For example, a divorce, a marriage, the birth of a child, the acquisition of property, or a death in the family may necessitate an update to your will. Special provisions such as disinheritance of a child can be accomplished through a will.

To ensure that your will is valid and enforceable, work with an experienced attorney from the Law Offices of Irina Yadgarova PLLC. Our lawyers can guide you in drafting or updating a will that will be recognized by New York courts, including advice and help with particular issues, such as:

• We can advise you on transfer of ownership of real estate after your death.
• We are prepared to discuss ways of managing assets to be passed that are not covered by a will, such as life insurance, pension plans and joint accounts.
• We can prepare a disclaimer will including a trust provision for your surviving spouse, leaving disclaimed portions of your estate untaxed for your spouse.

We Can Advise You On All Aspects Of Your Will

Clients of the Law Offices of Irina Yadgarova PLLC benefit from our detailed approach to answering their questions about wills. They also appreciate useful, practical advice we offer such as, "For safekeeping of your will, put it in a resealable plastic bag and store it in your freezer." Virtually every house has this fire-resistant option for protecting a will and keeping it easily accessible in case of emergency.

To schedule a free initial phone consultation about your last will and testament and related matters such as disclaimer wills and powers of attorney, contact us at 347-699-5LAW (5529).