New York estate planning attorney Yana Feldman (https://yanafeldmanlaw.com/reasons-why-having-a-will-is-important/) of New York Legacy Lawyers has published a comprehensive article titled “Reasons Why Having A Will Is Important.” The article underscores the crucial role that a Last Will & Testament plays in ensuring one’s final wishes are honored and providing peace of mind for families.

New York estate planning attorney Yana Feldman explains that a Last Will & Testament is a valuable document that benefits a family when an individual dies or becomes incapacitated. Feldman states, “Your will can communicate how you wish your family to be taken care of, your assets to be managed or distributed, and even which charities will benefit from your long years of responsible planning.”

The article discusses several compelling reasons why having a will is essential. First and foremost, a will gives individuals the power to determine how their estate and assets will be handled. Without a will, there is no guarantee that one’s final wishes will be carried out. Feldman points out, “A will helps keep families from fighting over the assets left to them. It provides guidance and advice on when, how, and why certain parts of your estate should be divided up.”

One critical aspect discussed by New York estate planning attorney Yana Feldman is the impact of a will on the care of minor children. In the absence of a will, the decision of who will care for the children could be left to a judge, potentially resulting in the children being placed in foster care until a decision is reached. “Your will gives you a choice as to who will care for your children should you pass away,” Feldman explains.

The article also addresses the probate process, emphasizing that having a will can make this process more straightforward or even unnecessary. “One of your goals in your will is to eliminate ambiguities and make determinations on the distribution of your assets simple,” says Feldman. Without direction, a court may have to decide the best way to handle things, which can lead to increased costs and potential conflicts.

Moreover, Feldman highlights the importance of using a will to ensure assets go to the desired beneficiaries. “Not everyone who has a claim to your assets is someone to whom you’d willingly give them. A will directs the assets you leave behind to the people you want to inherit them,” she states.

Charitable donations are another area where a will plays a significant role. Feldman notes that some individuals use their will to donate money or property to charitable organizations. “A will is an excellent way to ensure that your assets support institutions you care about after you pass on,” she adds.

Another critical point discussed is the importance of naming an executor in a will. The executor is responsible for carrying out the terms of the will, managing the estate’s affairs, and ensuring that debts and taxes are paid. “Without a named executor, there may be delays and confusion in managing and distributing the estate,” Feldman explains. Naming an executor helps ensure that the estate is managed smoothly and that the decedent’s wishes are honored.

Creating a will is vital in managing one’s legacy and ensuring loved ones are cared for according to their wishes. For those considering making a will, seeking the help of a legal professional is crucial. The team of experienced New York estate planning attorneys at New York Legacy Lawyers is ready to assist in creating a will that perfectly captures one’s intentions.

About New York Legacy Lawyers:

New York Legacy Lawyers, led by Yana Feldman, can provide comprehensive estate planning services to clients in New York. The firm is dedicated to offering compassionate and knowledgeable legal assistance in matters of wills, trusts, and other estate planning tools. With a commitment to ensuring clients’ wishes are honored, New York Legacy Lawyers can help families navigate the complex aspects of estate planning with confidence and clarity. 

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