The process of planning a will is not necessarily something anyone likes to think about. No one wants to imagine what will happen after they are gone, or at the end of their life. Still, no matter how old you are, it is responsible to plan ahead in case something happens to you. This means making a last will and testament.
Eghrari Wealth Training Law Firm can help. Our Suffolk County estate planning firm offers comprehensive assistance with making a will.
We not only help you to ensure your will is legally valid, but we also work with you to determine what your goals are for your legacy. We help you to use a will and other estate planning tools to achieve these goals. Give us a call today to find out more.
When to Start Planning a Will
The Rural Law Center of New York, Inc. states: “Anyone who is legally an adult and “of sound mind” can make a will. Since no one can guarantee long life, there is no benefit to postponing the writing of your will.”
The suggestion to create your will as soon as possible is a smart suggestion. If you are over 18, you should have a will. Without one, your family could end up fighting over your assets. You could also be left without the ability to control your legacy or to determine who will raise your children if something happens to you before your kids become adults.
There is never a guarantee you won’t be killed at any time, even if you are younger. Planning ahead and creating a will at least gives you the peace of mind of knowing that your affairs are in order in case of your death.
How to Start Planning a Will
When you begin planning your will, you need to think about:
- What do you hope to accomplish for your legacy: Do you want to leave a lot of money to loved ones or to a charity? Do you want to pre-plan your funeral or ensure you have named a guardian for your kids? Do you hope to have more control over how heirs use assets? The answers to these questions will help you determine if a will is all you need or if there are also other estate planning tools to consider.
- What assets do you want to transfer through probate? You need to think about all of the different property you own. If you don’t want it to transfer through probate, you will need to explore other alternatives like putting it in trust. If you do want it to transfer through probate, you should provide details in your will about who should inherit.
- Who do you want to leave money and property to? You must consider everyone who you wish to make a gift to. You should name these people in your will and specify what assets they should receive.
- Who do you want to serve as your executor? The executor is the person responsible for overseeing the probate process. This means managing your assets. It also means taking care of the property until it is transferred to new owners, and facilitating the legal steps of this transfer. You should select carefully to make sure the chosen executor is up to the task.
These are just a few of the key considerations which you need to think about as you begin planning a will. Our Suffolk County estate planning lawyers understand the legal steps involved in creating a will and in creating a comprehensive estate plan. We will make sure your will serves the purposes you intend and that your estate plan allows you to achieve the legacy you hope for.
How a Suffolk County Wills and Estates Lawyer Can Help
Eghrari Wealth Training Law Firm provides invaluable assistance with planning a will. Our legal team understands how stressful it can be to consider end-of-life issues and we work hard to make sure the process of estate planning is as easy as possible.
No matter how much money you have or how old you are, we will guide you through the process of making a will that provides clear instructions for what happens after your death. We can also help you to take steps to explore other estate planning solutions, such as creating trusts that provide more control over your assets and that offer more protection for your heirs.
To learn more and to get the personalized help you deserve, give us a call at (631) 265-0599 or contact us online.