Wills, Estates and Trusts Law – What’s Important To Know About A Will And What Happens If You Die Without One?
- A will is literally the instrument that tells the world how you want your estate divided, who will receive gifts or bequest, who will act as executor, who will be responsible for your estate, who will be responsible for your children etcetera.
- If you die without a will, you are said to have died in testate and any discretion or specific gifts you wanted to make are no longer available.
- Nobody knows your intent, even if you told someone. If it wasn’t formally put in a will, there is no legal merit.
- If you die without a will, then your estate is divided among your closest relatives.
- If you don’t have a will, we are bound by the black letter of the law.
This short informational estate planning video was provided by Nicholas Mattia, an experienced Jackson Heights Estate Planning Lawyer.