Wills
A Last Will and Testament is a legal document that allows an individual to appoint one or more persons (Executor(s)) to manage his or her estate and to distribute his or her assets to other designated individuals or entities such as charities. If there is no Will (intestate), then all assets are distributes pursuant to New York Estate Powers and Trust Law. This can cause many issues and disputes among family members. In the event there are minor children or children with disabilities a Testamentary Trust should be included in the Will so that other people, trustees, can manage the inheritance for the minor or disabled child for a period of time for their education, support and maintenance.
There are also circumstances where the Testator does not want to have his or her assets divided equally. This can only be carried out if there is a Will. The testator also selects who they want to be in charge of the assets upon death. The drafting of the Will is made after a complete and thorough meeting with the client with Patrick J Wynne, Esq only, in which all avenues and possibilities are discussed. The drafting is completed by Patrick J Wynne, Esq. The drafts are sent to the client for their review. Once they are completed the Wills are executed in the presence of Patrick J Wynne Esq and one of his paralegals. Once completed the client has the satisfying feeling that his or her affairs are in order. The estate process should be one designed by the client and not by New York State law.
Good planning as in anything leads to clarity and makes the probate process easier for you surviving family members.