Estate Planning Long Island is providing a wide range of legal services. Estate Planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. It is a complex procedure.
The big items are obvious – houses, cars, that stunning original 1980s surrealism painting. These are the items that everyone thinks of when laying out their estate. While these items are important, they are a small fraction of a person’s estate. Dozens of smaller items, many with sentimental value, play a valuable role in one’s life so they must be considered when creating an estate plan. That old rocking chair that’s been passed down generation to generation? That’s just as important as your car. That beautiful vintage Rolex you’ve been saving for someone special? It qualifies as part of your estate.
Family conflict and disputes can arise when considering these smaller items even more so than the highly valued items. Although it can ultimately be hard to predict, if you know of any items that could cause conflict, putting clear instructions in your will saves a lot of time and heartache.
Another issue might arise with the designation of agent to control disposition of remains. New York has a document in which you may leave specific instructions concerning disposition of your remains and appoint an agent to control such disposition. This person will be in charge of your funeral and burial. If you have strong feelings and preferences concerning your funeral and burial or you want to be cremated, do not leave these instructions in your Will. Most of the time, the Will is opened and read after your funeral. Therefore, your attorney will issue the designation and leave specific instructions for your agent. Also, if you know that members of your family may argue because of your burial preferences, it is important to leave a person in charge of these decisions so that they can be made quickly and the funeral homes/director takes instructions from one designated person.
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