Planning for the future is always difficult, especially when trying to eliminate potential hurdles your loved ones may face once you have passed away. With an estate plan, you are able to provide your family with peace of mind, both financially and emotionally. An attorney drafted and supervised will is always the best place to start planning for your families financial future. In your will you are both appointing your fiduciary to administer your affairs after you pass, and designating who the recipents of your NY estate will be. No contingency is too remote when planning your estate. Often times young couples with small children can even plan for catastrophic events by including simple testamentary trusts in their wills creating trusts for their intended while appointing a trustee and guardian to administer it responsibly.
