Most people have heard it’s important to hire a Wills Attorney Nassau County NY for help creating a will. For most, it’s true, as having a last will is the right idea. To help potential clients determine whether they should have a will, learn what can be done with this important document.
Deciding on the Disposition of Assets
The most prevalent reason to write a will is to determine who gets what when the client passes on. Without a living trust or a will, state law determines how property is distributed. Usually, it goes to the person’s closest relatives, such as their spouse, children, or parents.
Naming an Executor
After a person dies, someone must wrap up their estate. A will can be used to choose an executor or personal representative to take on the task. If there’s no will, the court will choose someone to do the job.
Choosing a Guardian for Children
A person’s will is the only legal place to nominate someone to serve as a guardian for children. If a person doesn’t need a will for other reasons but wants to choose a guardian for their children, they should consult a Wills Attorney in Nassau County NY for help.
Naming a Property Manager for Children’s Assets
Property left to a minor must be taken care of by an adult. When someone leaves property to their children, they can also leave instructions for the management of that property. Separately, a person can use their will to choose a manager who will handle any property that’s left without a designated guardian.
Selecting a Caretaker for a Pet
People can also use their wills to choose a pet caretaker and to leave money to the person for the pet’s care. Wills aren’t the only way to plan for a pet’s care, but they are the simplest choice.
Finally, a will provides a backup for a living trust or other estate planning measures. If someone believes they don’t need a last will because they have a living trust, they should consider it anyway. A will addresses property and other issues not taken care of by separate estate planning strategies. To learn more about New York’s estate planning laws, call Business Name in Nassau County NY.
