Starting Your Suffolk County Estate Plan With A Will
Did you know that two-thirds of Americans don’t have a will and that the top reason why is just that they are unsure how to begin? A will is the basic building block or starting point of a comprehensive estate plan, dictating how you want your assets distributed after you are gone. It is a way to give your family the necessary guidance and support when they need it the most.
At Law Office of Bryan E. Cameron, we have more than 25 years of experience, so we are well-qualified to help you draft a will and get your estate started plan in Suffolk County. We provide the knowledgeable, compassionate assistance New Yorks want when dealing with such sensitive concerns.
What Does A Will Accomplish?
The main goal of a will is to distribute your assets. If you pass away without one, it is known as dying intestate. State laws then decide what happens to your assets. This raises the odds of conflicts and estate disputes and can delay access to necessary funds for your heirs. By drafting a will in advance, you know that the assets will go to the people you’ve chosen, and there may even be some tax benefits.
Can You Include Explanations?
The most basic function of the will is to tell your beneficiaries who gets what: Which person gets the family home, how to split up the bank accounts, what to do with a family business, how to divide heirlooms, etc. If you’d like, you can also include an explanation – perhaps in a letter accompanying the will. For instance, if you disinherit someone, you may want to tell them why so that they understand your reasoning – and to lower the odds that they will challenge the will. But you are not legally required to provide explanations.
Getting Started With Your Suffolk County Estate Plan
Having an estate plan is important for your family, and it’s never too early to start. Just contact our Suffolk County, New York, lawyers online or give us a call today at 631-319-3487 to set up your consultation in Long Island.