Chelsea, New York
233 West 14th Street
New York, NY 10011
(212) 633-2200

4 Common Misconceptions About Writing Your Will October 4, 2017

Chelsea, Manhattan
4 Common Misconceptions About Writing Your Will, Manhattan, New York

Writing a will is the only way to ensure that your wishes will be respected after you’re gone, providing peace of mind to your loved ones and preventing the kind of disputes that can tear families apart. Unfortunately, a wide variety of misconceptions can keep people from preparing a will or make critical mistakes that could compromise their estate plan. Below are some of the most common, dangerous myths about writing a will.

4 Popular Misconceptions About Estate Planning

1. Verbally Expressing My Wishes to My Family Is Good Enough

Even if your family members intend to follow your wishes as you’ve expressed them, they may lack the legal authority to do so without a will. The laws of your state actually dictate how your estate will be divided after you’ve died, which may not be as you’d intended.

2. My Family Won’t Argue Over My Assets

willsAfter the death of a family member, emotions run high, which means even tight-knit families can be drawn into extended legal battles over a loved one’s assets. Writing a will can prevent these fights before they begin.

​​​​​​​3. I Can Prepare a Will Myself

If your will is overly broad or some assets are left out, you may inadvertently create significant problems for your beneficiaries. Even if you don’t have a considerable estate, you should still consult a legal document preparation professional to ensure your will completely and accurately reflects your wishes.

​​​​​​​4. I’ll Just Leave Everything to My Spouse

Even if you believe your estate is extremely simple, it may be more complex than it initially appears. A well-prepared will ought to include provisions that protect your legacy and pass it on to your children if your spouse remarries and starts a new family.

 

The professionals at We The People of NY have been helping New Yorkers prepare legal documents up to court standards, including wills, divorce papers, and business incorporation forms. Visit their website to learn more about writing wills and how they can help, or get more advice on their Facebook page. If you have any questions, call their office at (212) 633-2200 or visit their storefront, no appointment required.

Other Announcements, Events and Deals from We The People of NY
Who Gets the Pets After a Divorce?, Manhattan, New York
When couples separate, they often prefer a quick divorce to part ways and move on. If you and your ex-spouse adopted pets throughout your marriage, you likely want to maint...read more
How to Cope With Emotions During a Divorce, Manhattan, New York
The end of a marriage is always emotionally exhausting, even if you’re filing for an uncontested divorce where both parties mutually agree on all conditions. While you may not b...read more
Top 3 Misconceptions About Bankruptcy, Manhattan, New York
Personal bankruptcy comes in two forms: Chapter 7 or Chapter 13. Under the first, you liquidate most of your assets to repay what you owe creditors. Under the second, the c...read more
How to Cope With the Emotional Aspects of Bankruptcy, Manhattan, New York
Bankruptcy is a valuable legal tool, giving struggling borrowers the ability to shed unmanageable debt and start their lives over. While filing for debt relief can be a positive step...read more
How to Discuss Filing for Bankruptcy With Your Spouse, Manhattan, New York
If you’ve fallen behind on bills and decided that filing for bankruptcy is the answer, you’re eventually going to have to discuss it with your spouse. While dischargin...read more