Why Is It Important To Have A Will In New York?
Everybody’s heard of a will, but, surprisingly, many people don’t think they need one. A will serves as the foundation of your estate planning strategy. By creating a simple will, you can:
- Outline how your assets will be passed on to your heirs
- Determine how a family trust is to be administered
- Leave assets to favorite charities
- Avoid and minimize estate taxes on your surviving spouse and children
- Protect assets from probate court decisions
- Minimize estate taxes on your spouse, children and heirs
At the law firm of Lyons & Supple, we have more than 30 years of experience crafting personalized wills. We can create a will that works for you.
Learn More About Wills
Are wills for everyone? In short, yes. Despite New York laws that specify that all estate assets automatically pass to surviving family members if no will exists, you will lose control over the amount of assets and the key family members you want to include or exclude.
We offer a full range of services for wills, including:
- Individual wills
- Pour-over wills
- Living wills and health care proxies
- Durable powers of attorney
Contact us to discuss your estate planning needs. Even if you have a will in place, there may be some legal considerations for making changes to help you minimize estate taxes or avoid probate.
For example, many couples in long-term marriages think they are protected with a joint will that simply passes all property to the remaining spouse. When a spouse dies, however, it is critical that the surviving spouse change the will to an individual will. Despite the best of intentions of married couples, an individual will is almost always a more appropriate and durable option from the start.
Professional And Personalized Services
From our offices in Wappingers Falls, New York, we provide a full range of estate planning and probate law services for individuals and families throughout the Hudson Valley Region.