New Parents Need Wills

It is understandable that as a new parent, you want the best possible life for your child. Among the many things that new parents think about, wills are often one of the last. In reality, though, creating a will is an important step to take for your family’s future. The following will review just a few of the important things that new parents need to know about wills. Always Make Sure to Clearly State Your Intentions Wills, as well as other estate planning documents, are best viewed as instruction manuals for your executor and the court to follow after your death. You must clearly express your intentions regarding your wishes, or a New York court will likely interpret how your estate should be administered.  Beneficiaries on Financial Accounts Play an Important Role Most financial accounts allow a person to name a beneficiary. After you pass away, the funds pass to the beneficiary who is named on the account. If you create a will with a child in mind, it is a good idea to review your financial accounts to make sure that you have not named any inconsistent beneficiaries elsewhere. Name an Executor You can Trust To make sure that     Read More