Understanding Wills And How They Benefit You
Many people choose not to plan for the future for a number of reasons. There are many misconceptions that surround estate planning, and unfortunately, these misunderstandings have wreaked havoc on countless families throughout New York. Whether you are young, old, healthy or approaching your golden years, everyone needs to consider drafting a last will and testament.
As a part of our process, Korsinsky & Klein, LLP, attorneys ask the difficult questions and make sure to get a full understanding of your needs. This is part of how we develop a truly personalized will and ensure that your loved ones respect your wishes. There is no better time to start planning than today. Call us at 212-257-0199.
Why Create A Last Will And Testament?
A last will and testament serves several functions. Not only does it protect your assets and property, but it also organizes your financial and personal affairs, which can, in turn, benefit your family long after you are no longer around to provide for them. We will help you create a last will and testament and address important issues, including:
- Establishing guardianship for minor children
- Deciding how you would like to distribute your property
- Naming heirs or charitable organizations to receive your property
- Naming a trusted person to manage the property that you leave to minor children
- Naming an executor of your affairs to ensure that the terms in your will are carried out
If you die without a last will and testament in place, your property will be distributed by New York’s intestacy laws. Don’t leave your final wishes to the discretion of a judge. Make sure that your property is administered in a way that you would have wished by creating a will.
Protecting Yourself With A Living Will
If a physician or another health care provider who is responsible for your care determines that you cannot make your own decisions due to disability, incapacity or some other reason, your health care proxy must follow the instructions that are reflected in your living will. Your living will can state your medical treatment wishes, including details regarding how you would or would not like to be treated.
A living will can state your desire for or refusal of the following forms of treatment:
- Abortion or sterilization
- Antibiotic treatment
- Artificial nutrition or hydration treatment
- Blood transfusions or other blood products
- Do not resuscitate (DNR) orders
- Electric shock therapy
- Invasive treatment that may result in prolonging life
- Maximum pain relief, even if it may hasten death
- Organ or tissue donation
Contact Our Office Today
Understanding wills and the laws that surround the drafting and enforcing of a will can be somewhat complex. Failing to adhere to the law could render your last will and testament invalid upon your death, thus defeating the purpose of your will and putting the distribution of your assets in the hands of the court. At Korsinsky & Klein, LLP, we will review your documents thoroughly to ensure that your last will and testament can stand in a court of law and functions according to your wishes. Call 212-257-0199 today to begin.