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Wills In General

A Will, also known as a Last Will and Testament, is used to formally write out who you want to receive your estate assets, to name an Executor to settle your affairs and to put restrictions and limitations upon how your assets will be distributed.   Wills are especially important if you have children, to state at what ages they should receive an inheritance and who will manage it for them in the meantime, if they are young. If they are older but have creditor or marital difficulties, or other issues which would impact their inheritance, a Will can provide protection for your assets.  However, the best protection from such circumstances is by setting up a Trust

Without a Will, your assets will be distributed according to state law to your heirs.  In many cases, clients are surprised to learn how different state law is, from what they would have wished.  For example, if you have a spouse and children, assets would be divided between/among them, instead of to your spouse first, as most people would expect and want.

Wills should be reviewed upon divorce, remarriage, additional children, significant changes in assets, or if it is more than ten years old. As we age that ten year interval is reduced, dependent upon health and wealth.

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Wills in General

Examples of WHAT A WILL CAN DO

Examples of WHAT A WILL DOES NOT DO

Minimizing Challenges to your Will

 

The Witecki Law Office
(518) 372-2827
8 South Church Street
Schenectady, NY 12305
[directions]

 
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