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What if Someone Dies without a Will?

What if Someone Dies without a Will?

What if Someone Dies without a Will? A will leaves the estate to named persons and organizations. Through a will, the testator can make specific gifts, distribute percentages of the estate, and create trusts for management and future distribution of all or some of the...
How Assets Pass to Heirs

How Assets Pass to Heirs

How Assets Pass to Heirs People often have misconceptions about how assets pass after death. Some even believe that if they do not transfer property they own to their children, it will go to the state. There are many instances where misinformed individuals engage in...
5 Reasons You Do Not Have an Estate Plan

5 Reasons You Do Not Have an Estate Plan

5 Reasons You Do Not Have an Estate Plan Most people realize that estate planning is important, but nevertheless procrastinate getting it done. Below are some of the most common excuses for delaying. 1. I am too young It is common for estate planning professionals to...
No-Contest Clauses in a New York Will

No-Contest Clauses in a New York Will

No-Contest Clauses in a New York Will The purpose of a no-contest, or In-Terrorem, clause in a will is to deter a lawsuit challenging the will. If the person making a will sees potential red flags such as tensions between beneficiaries, he or she may want to include a...