I would like to pass on some information that is important to everyone, but especially to our older residents who might need to think about updating their will. It is important to take the time now to avoid problems later on. If your will is more than 20 years old or if you don't have a will at all, you might want to do something about it.
Without a will that is valid or enforceable, or some form of a legal trust, the State of New York will decide how your property and personal effects will pass. In that case, you are actually allowing the state to make your decisions for you. Oftentimes the decisions of the state are not at all consistent with the manner in which you would have preferred to have your property passed.
A will review and update is also extremely necessary because of the many changes in the laws of inheritance and estate tax laws over the past 20 years.
Be aware that with an old will you may have named certain persons as legatees, executors, trustees or guardians who may no longer be alive or available to do the job, or it is possible that they may no longer suit your purposes. It is recommended that you see a qualified lawyer to address many of the situations I've described here. The Nassau County Bar Association is able to provide a list of competent attorneys who can handle this task for you. Their phone number is 747-4832.
Whatever your needs, simple or complicated, take the time to double check your will today. Get it updated if necessary. Draw one up if you don't have one. I urge you to not put off this important matter as it may create tremendous difficulties for your loved ones in the future. A legal will is an important document for everyone to have formulated. Don't put it off. It will certainly give you the peace of mind you need.