When it comes to the issues of Wills and Estate planning by far the most common statement we hear from our clients is “I don’t have a Will.” This statement is usually followed by “I don’t need one since everything goes to my spouse.”
Both are inaccurate and potentially expensive statements.
First, unless you have a properly drafted and executed Will your property (or estate) will be disbursed as per New York State law. That’s right! You have a Will by default.
And your spouse? Under New York State law a person who dies without a Will (also known as “intestate”) with a spouse and at least one child then your spouse would receive one half (1/2) of your estate plus $50,000.00 (with the other half distributed among your children).
The Law Office of Jack Stuart Beige & Associates, P.C. can help ensure that your final wishes are followed. Contact our attorneys and schedule an appointment to discuss your estate planning needs.