Irrevocable

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Irrevocable

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A Last Will and Testament (”Will”) can be thought of as an instruction manual for
disposing of your testamentary assets after you die. You can make specific
bequests and/or general bequest.

The Will can be simple (for example: Mary gives all to her spouse, if he survives
her, otherwise, her children, free and clear) or complex (for example: Mary gives
all to her spouse, in a form of credit shelter trust, if he survives, but if he does not
then, to her children in separate trusts until the children reach a certain age).
Unlike a Trust, a Will is not a contract.

Do I need a will?

If you are not sure whether you need a Will, Click here for a list of common
reasons to have a Will.

What are Testamentary Assets?

A testamentary asset is an asset that can be disposed of by Will. An asset that
can be disposed of by will is one which either:
1. Does not have a beneficiary designation; or
2. Is held either only in your name, or as a tenancy in common.

How do I execute a Will?

The Will can be signed just about anywhere (home, office, bedside, or even in a
tent). In New York, in order to be properly executed, the Will must be signed in
accordance with EPTL 3-1.1. This statute essentially requires that the Will be
declared a Will and signed in front of two attesting witnesses, who themselves,
should (for simplicity’s sake), sign a document called a “Self-Proving Affidavit”
Click here for Instructions for Executing a Will in New York.

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EXPLORE

About
Resources
Blog

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PRACTICE AREAS

 

Estate Planning
Probate & Estate Administration
Guardianship
Estate Litigation
Elder Law

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CONTACT

 

Regina Kiperman
p: (917) 261-4513
p: (917) 261-4514
f: (212) 248-2155
rkiperman@rklawny.com

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ADDRESS

80 Maiden Lane #304
New York, NY 10038

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80 Maiden Lane.

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Serving all of New York including, but not limited to, the following localities: New York City including New York County (Manhattan); Bronx County; Kings County (Brooklyn); Queens County including Astoria, Bayside, Flushing, Forest Hills, Fresh Meadows, Kew Gardens, Long Island City, Middle Village, Queens Village, Rego Park, Ridgewood, Whitestone, Woodhaven, and Woodside; Richmond County (Staten Island); as well as Nassau County including Garden City, Great Neck, Levittown, New Hyde Park, Syosset, and Westbury; Suffolk County; and Westchester County including New Rochelle and Yonkers. This is Attorney Advertising. The material in this web site is for informational purposes only; visitors should not rely on the information as advice or as a consultation, but should consult a lawyer about their specific legal issues. The content of the site in no way creates an attorney-client relationship. All rights reserved.

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