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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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Estate Planning

Probate & Estate Administration


Estate Litigation

Elder Law

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Regina Kiperman

p: (917) 216-4513

(917) 261-4514

f:(212) 248-2155

[/et_pb_text][/et_pb_column][et_pb_column type=”1_4″][et_pb_map _builder_version=”3.0.64″ address=”Eighty Maiden Lane, 80 Maiden Ln, New York, NY 10038, USA” address_lat=”40.70706618646855″ address_lng=”-74.00713447535895″ mouse_wheel=”on” mobile_dragging=”on” use_grayscale_filter=”off” grayscale_filter_amount=”0″ /][et_pb_text _builder_version=”3.0.64″ background_layout=”dark” text_orientation=”left” border_style=”solid”]

80 Maiden Ln #304

New York, NY 10038


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