Estate and probate law is much more complicated than most people realize. Whether you’re in the process of drafting a will or you are a family member of a recently deceased individual who doesn’t feel the formal will is correct and want to challenge it, you need to have an experienced New York City estate lawyer by your side. We’ll help you address matters that include:
- Setting up trusts
- Understanding the probate process
- Estate administration
- Estate planning
- The transfer of property
- Contesting a will
- And more
The term estate administration refers to the process used to bout maintain and distribute whatever assets belonged to an individual at the time of their death. The way the estate is distributed is dictated by a formal last will or New York state law.
How the Process Works
In most cases, the deceased will have named a person who they trusted to serve as the executor of their will. Even though most of the people named as executors of the will have a solid idea of how the deceased wanted their assets to be handled, they rarely have a strong understand of how the probate process works, or how to handle tax issues connected to the estate. It’s in the best interest of the executor of the will to seek the assistance of an experienced estate lawyer, who will offer them advice. A good estate lawyer will make sure that the executor of the will doesn’t make a potentially costly mistake or violate the established legal process.
Drafting a Will
Many feel that there would be fewer New York estate litigation cases, if more people sought out the services of an experienced New York City estate lawyer when they want to create a last will or establish a trust. Drafting a will is a very complex issue, having a good estate lawyer on hand reduces the odds of making a mistake. The New York estate lawyer will also help the individual drafting the will understand how the tax laws could impact the inheritance, while also providing insight into the different types of last wills and trusts.
In addition to helping with the creation of a last will, a New York City estate lawyer can also help clients create a living will which will dictate the type of medical care if something happens that makes it impossible to handle the matter for themselves.
The assistance of a New York City estate lawyer ensures that the transfer of your assets to another goes smoothly.
When you meet with the estate attorney, you should be prepared to discuss what will happen to your minor children in event of your death.
- Funeral arrangements
- The charities you wish to support following your death
- Legal issues surrounding your assets
- How your pets will be cared for following your death
- Whether or not you want to create any trusts
It’s not uncommon for the same New York City estate attorney who handled the drafting of the will to also handle estate administration after the client has passed.
If someone you loved has passed, you should seek the assistance of a New York City estate attorney. Their legal counsel will be invaluable if there’s a missing, complex, oral will, or holographic will.
The sooner you contact us about will creation and estate administration in New York City, the sooner you can relax, secure in the knowledge that you’ve done everything possible to care for your loved ones in the event of your death.