“Tips for Estate Planning Conversations”

Starting the conversation about Estate Planning with your family members can be an uncomfortable situation, as addressed by the below linked article from Fidelity.com. It is difficult, admittedly, to talk about what will happen to your assets after you pass, especially with the ones that love you the most. However, this discomfort is nothing compared to the stress your loved ones can go through if no Estate Plan is created and they are forced to do a Probate.

When a person dies without creating a will, they die “intestate.” This is a fancy term describing the process that must happen, which will be the Probate Court making every determination about the decedent’s assets. Depending on the laws in your state, those who you may want to leave things to can easily be ignored. For example, in New York, if you have a spouse and children, but you’d like to leave some assets to a family member that is not next of kin, or a friend, this wish will be ignored without the creation of a Will. Your assets will ONLY be distributed amongst your spouse and children, in accordance with New York law. To avoid having your legacy trampled, contact a lawyer and create and Estate Plan today!

Danna & Associates, PC is a law firm that has specialized in Estate Planning & Elder Law since 1994, giving us over 2 decades of experience. We are able to offer you legal advice based on not only our expertise, but also on our extensive day to day experience in these fields. Call 718.273.0300 for your free consultation today!

Click here for the article!