Long Island estate planning lawyer Seth Schlessel (https://www.schlessellaw.com/what-happens-if-you-die-without-a-will-on-long-island/) of Schlessel Law PLLC has released an informative article discussing the consequences of dying without a will in the state of New York. The article titled “What Happens If You Die Without a Will in New York?” sheds light on the importance of having a will and the legal implications of not having one.
In the article, Long Island estate planning lawyer Seth Schlessel explains that dying without a will, also known as dying intestate, can create a lot of complications for an individual’s loved ones. He notes that the state of New York has laws in place that determine how property will be distributed after a person’s death if they do not have a will. This can lead to unintended consequences such as certain family members receiving more or less than what they would have wanted.
According to the Long Island estate planning lawyer, “If you die without a will, your assets will be distributed according to New York’s intestacy laws, which may not align with your wishes. Additionally, the probate process may be more time-consuming and costly without a will in place.”
The article also emphasizes that the absence of a will can cause additional stress for loved ones as they navigate the probate process without clear instructions from the deceased. Long Island estate planning lawyer Seth Schlessel stresses the significance of having the will to prevent potential family disputes and legal battles.
Furthermore, if someone has step-children, failing to include them in their estate planning arrangements could result in them being cut out of inheritance. Without a will, a person’s spouse may also be left without adequate funds or assets to live on. In the absence of a will, it would also be impossible to distribute assets to charities or friends. Similarly, if someone is caring for their elderly parents, their parents may lose access to the necessary assets for their care if the children do not assume responsibility for the estate.
Attorney Schlessel adds that a Will is only one aspect of estate planning. Although a Will is a crucial component of a comprehensive estate plan, other tools can also be utilized, such as trusts that can pass assets directly to chosen beneficiaries without the need for probate. Probation can be an expensive and lengthy process, which can delay family members’ access to the resources they need.
Long Island estate planning lawyer Seth Schlessel further explains, “Having a will can provide peace of mind for both you and your loved ones. It allows you to clearly dictate how your assets will be distributed and can help prevent potential conflicts that can arise when family members are left to guess your intentions.”
Lastly, the article emphasizes the importance of having a will and encourages individuals to seek the guidance of an experienced estate planning attorney. Long Island estate planning lawyer Seth Schlessel’s article serves as a helpful resource for those looking to better understand the implications of dying without a will in the state of New York.
About Schlessel Law PLLC:
Schlessel Law PLLC is a Long Island law firm specializing in estate planning, elder law, and Medicaid planning. The firm’s mission is to provide clients with the highest level of legal representation while making the legal process as simple and stress-free as possible. With years of experience, Schlessel Law PLLC is committed to providing personalized attention to each client’s unique legal needs.
Schlessel Law PLLC
34 Willis Ave Suite 300
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Smart Herald journalist was involved in the writing and production of this article.