What a Will Does and Does Not Do

A will also called a “last will and testament” is a crucial part of your estate plan and one that will express your wishes when you are gone. We understand that this process can be complex, which is why our estate planning attorneys are dedicated to helping you create a comprehensive plan to safeguard your assets so your last wishes remain intact.

You will use your will to:

• Leave your property and assets to intended beneficiaries
• Name a legal guardian to care for your minor children
• Name an executor, the person who makes sure that the terms of your will are carried out

There are some assets, however, that you shouldn’t expect to pass through your will, such as property you’ve place in a living trust, or property of a life insurance policy that also has a beneficiary named.

It is worth noting that New York law protects a spouse from being cut out of wills entirely; so that the surviving spouse can claim assets in court even if a will says otherwise.

Enjoy Today and Plan for Tomorrow

Planning your estate is a proactive step to ensuring that your assets are handled how you want them to be and your family is financially secure in the future. Remember, it is never too early to plan for tomorrow so that you can have peace of mind today. Whether you need assistance with your will or simply want to schedule an initial consultation, we are available 24/7 to guide you in the right direction.

Contact Wisselman, Harounian & Associates at (516) 773-8300 today!