Last Will & Testament
Over 50 Years of Collective Experience
Are you considering drafting a last will & testament? At the Law Offices
of Steven M. Adler, PLLC, we can answer all of your questions about wills
and explain what other estate planning documents you may also need. With
over 50 years of combined experience, our attorneys are well-qualified to help you draft a customized estate plan.
Our firm is uniquely positioned to draft your estate plan because Attorney
Adler is a licensed health and life insurance agent, and a licensed
real estate agent. With our knowledge, we are able to look at all aspects of your
life and come up with creative suggestions that can help you plan for
a life of prosperity.
Advantages of Having a Will
will, also called a last will and testament enables you to be in control of
how your property is distributed and when. Some of the advantages of having
a will include:
- You name an executor to distribute your property
- You can name a guardian for minor children
- Name a trusted person to manage assets left to minor children
- Leave specific directions for distributing your personal property
- Leave property to a favorite charity
- Leave property to a close friend or a distant relative
If you don't have a will, a court-appointed administrator will distribute
your property according to New York's intestate succession laws, which
take effect when someone dies without a will. In such cases property is
distributed in strict accordance with state law, which may not align with
What does a will not do?
A will does not control all types of assets, namely non-probate assets,
which are assets that pass outside of a will upon your death. Non-probate
assets include jointly-held property, retirement accounts, trusts, and
assets with beneficiary designations such as life insurance policies and
payable-on-death bank accounts.
Contact a Long Island Estate Planning Lawyer
Wills are at the foundation of an
estate plan; however, many estate plans involve several additional documents including
a living will, a health care proxy, life insurance, and a revocable living trust.
Since every client is unique, there is no such thing as a cookie-cutter
approach to estate planning. We recommend that you contact a
Long Island estate planning attorney from our office. We would be happy to review your personal situation,
your family dynamics, your assets and how they are held to help you create
a customized estate plan that truly meets all of your short and long-term goals.