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Should married couples create a joint will?

Sometimes, married couples have the expectation to do everything together and share everything together. This idea may pop up as you and your spouse create your estate plans. You may wonder if you only need to have one will or if your separate wills should be identical.

Trust options for those with disabilities

An estate plan is a common means people use to secure the future of their loved ones. Depending on the size of the estate and the particular needs of the estate holder and beneficiaries, different elements of the plan may be best for the estate.

Why you should not procrastinate with your estate plans

When it comes to estate planning, too many people in the Brooklyn area put it off and continue to ignore its importance. You may feel like you have plenty of time to sit down and create your estate plans, but there is no guarantee for tomorrow. A lot of things could happen that could force you to change your lifestyle and depend on others for the necessities that you normally do for yourself. Those same circumstances could also have an adverse effect on the amount of wealth you have to leave behind to your loved ones.

The basics of estate planning in New York

Many people think that estate planning is only for the wealthy, but the truth is that anyone can benefit from advance planning about how to distribute their assets after their death. If you do not consider this important task prior to becoming elderly, ill or incapacitated, and you pass away without a plan, the state probate courts may take over and decide how to distribute what you leave behind.

Talk to your loved ones today about your estate plans

You may think that by creating a will, you are covering all your bases and protecting your assets. But if you do not take the time to consider your loved ones' reactions to it after your death, your final instructions may not carry much weight with them. It is common for the family members of a testator in New York to fail to agree with the final will and last wishes. Once they voice their concerns and file disputes, their disagreement often turns into family conflict and a costly legal battle that eats away at the estate’s value. 

Understanding key facts about revocable and irrevocable trusts

To relieve the burden on your loved ones, you want to make sure that your affairs are in order before your passing. This is where an estate plan comes into play. A proper estate plan lays out your wishes and orders in regards to all of your belongings and capital.

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Connors & Sullivan attorneys at law, pllc

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