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Why Should I prepare my Estate Plan?

Who do you want to inherit your property? When will they receive it and under what conditions? What if they are a minor? If you do not have an estate plan, your property may pass through intestacy. Intestacy is where the State of New York will decide where your property goes. Generally, property that is distributed through intestacy will be based on whether you are married, or who among your decedents is still living.

Creating an Estate Plan is important because you can direct who your property should be distributed to, appoint a guardian for your minor children and plan for how your beneficiaries will receive their inheritance.

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