New York estate planning lawyer, Yana Feldman (https://yanafeldmanlaw.com/10-frequently-asked-questions-about-setting-up-a-will/), recently published an enlightening article titled ’10 Frequently Asked Questions About Setting Up a Will.’ The article, aimed at demystifying the process of will creation, is an invaluable resource for anyone seeking guidance on estate planning.
As a respected New York estate planning lawyer, Yana Feldman brings a wealth of knowledge to this topic. Her article highlights the importance of planning for the inevitable, a task often overlooked by many. “It’s frustrating; even a little bit of forethought from us on what will happen to our assets will save our heirs a great deal of stress, effort, and cash,” she states.
With a deep understanding of the complexities surrounding the field, the New York estate planning lawyer provides a handful of bite-sized facts designed to make the process more digestible. She elucidates the workings of a will, its legal requirements, and the implications of not having one, among other things.
“The will directs where you desire your property to go when you pass. Ideally, it takes the ‘guesswork’ out of dividing your property among loved ones,” explains Feldman. She further highlights the flexibility of a will, allowing individuals to leave their estate to a charity, school, or church instead of an individual.
The article also discusses the differences between a will and a trust, two legal instruments that are commonly used in estate planning. Feldman emphasizes the critical differences, particularly how they are processed in the probate court. “In New York, the key difference between a will and a trust lies in the probate court, which is also referred to as the Surrogate’s Court. Probate court is necessary for a will, but not for a trust,” she outlines.
Moreover, Feldman addresses the topic of safekeeping the original copy of a will. She provides multiple options, including leaving it with the attorney who drafted it, keeping it in a safe deposit box, storing it at home in a fireproof and waterproof safe, or filing it with the Surrogate’s Court. Each option comes with its considerations, making it vital to consult with a New York estate planning attorney to understand the implications.
With the release of this article, Yana Feldman continues to demonstrate her commitment to providing clear, accessible, and actionable information about estate planning. She encourages everyone to take the necessary steps to ensure their assets are properly managed after their passing.
About New York Legacy Lawyers:
New York Legacy Lawyers is a leading law firm widely experienced in estate planning and related legal services. With a team of dedicated professionals, including Yana Feldman, the firm offers comprehensive support in creating wills, trust, and other estate planning instruments. They are committed to providing personalized solutions to meet their clients’ unique needs and circumstances.
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