If you haven’t taken the time to execute a Last Will and Testament, New York State, has, in effect, written one for you. Your estate will be distributed after death according to New York’s laws of intestacy. Here is what your Will essentially says if you die married with children and no Will in place: When No Will Exists.
Of course, this may not be the plan you would have chosen. In fact, it is unlikely to be the the plan you would have chosen. A properly drafted Will replaces the terms of the State’s estate plan with your own. Start the process and create your estate plan under the guidance of an estate planning lawyer. Have questions about your estate planning? Request A Meeting With Kurre Schneps LLP by clicking HERE.