ARTICLE: Writing a Will in Elmira, NY? Three Reasons an Estate Plan is Important

Writing a Will in Elmira, NY? Three Reasons an Estate Plan is Important

As a society, we’re living longer and passing on more wealth to our children. Here in the Chemung County, NY area including Elmira, Painted Post and Corning the need for estate planning is greater than ever before. It’s important that you have an attorney who can help you plan your future. Our attorneys will work with you to determine what’s most important for your family based on age and life stage. We’ll also make sure your wishes are honored even if something happens to you unexpectedly.

Why is an estate plan important?

  1. It’s important to understand that not having a will in place can lead to complications and arguments among family members when someone dies. This is because, if you die without a will, there are no instructions for your loved ones to follow. If you die without a will, your property is distributed according to state law without any input by you or your family.
  2. Estate planning is critical for unmarried couples and blended families. If there is no will, biological relatives are entitled to assets under New York State law, which means an unmarried partner will be left out. Blended families may wish to allocate assets between current spouses and children of previous marriages or not.
  3. Without a plan for your children and grandchildren, the inheritance may be squandered. We all like to think the best of everybody, especially our children and grandchildren, but without a proper estate plan, there is no way to protect your loved ones and assure that the money is used the way it was supposed to be used.

If you want peace of mind that your estate plan is done according to your wishes, contact us today. Our attorneys at Roth Elder Law have helped hundreds of people throughout Corning, Elmira and Painted Post, NY create wills and trusts for their families so they don’t have any worries about the future. We can create an estate plan tailored specifically for what matters most to you and answer any questions along the way. We offer free initial consultations- call us today!

Contact Us Today

We at Roth Elder Law, PLLC, believe in providing services in a way that clients can easily understand and meaningfully participate in designing and maintaining their estate plan for their loved ones, as well as be assured that their plan will be administered according to their wishes.