A Lawyer's Perspective: Top 4 Things to Consider for Your Will
Many people consider a will as something for old people, but this couldn't be farther from the truth. Even if you are young and healthy, it is important to have a will in place in Brooklyn, NY. Without one, your assets may not go where you want them to after you die. The following blog post discusses 4 things that everyone should consider when writing their own will: who can inherit property, what happens with debts and taxes, dividing up the estate, and making sure everything is done correctly before death Brooklyn.
Will you have a will or not
If you have been living with your head in the sand, it might be time to wake up and start thinking about this. The first thing that I want you to consider is whether or not having a Will Probate Lawyer Brooklyn makes sense for your situation. A common misconception among many people is that if they don’t have anything of value, there really isn’t any point in getting estate planning done such as creating Wills (or Trusts), Powers of Attorney, etc… While those who do own property may need more complicated document preparation than someone without assets, everyone can benefit from protecting their will lawyer Brooklyn legacy by leaving behind some plan which provides instructions on how their loved ones should be cared for after death and through probate proceedings.
What are your goals for the distribution of your estate?
In your Will, you should list specific bequests of money or property for people and/or organizations that have been important to you Probate Lawyer Brooklyn. For example, if a family member has cared for your children while you were at work they might want some financial support from the estate as well as items such as personal mementos of their time with them. If there is someone who helped care for an elderly relative in their later years they may also wish to receive something from the estate too.
Who should be named as the executor of your estate?
An executor is a person responsible for handling your estate, including making sure that everything in your will gets carried out. You should name a trusted family member or close friend to serve as the executor of your estate lawyer Brooklyn. If you don't have someone in mind, many people select their spouse because he/she would know most about what's going on with everyone involved and can help work through any sticky situations that arise during probate.
Who should be named as guardian to any minor children in the event that both parents die before they reach age 18?
If you have children, this is a very important consideration. It is critically important to name the same guardian for all of your minor children so that there isn't any conflict with custody and parenting time even if it means having two guardians instead of one estate attorney Brooklyn. Long-term thinking – who do you want to raise your kids? The best thing would be naming parents as co-guardians but this can present some difficulties especially if they aren't on good terms or live far apart from each other.
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