There are some basic questions you should ask yourself when contemplating a will so all relevant information is included and accounted for. Here is a sampling of questions you should ask yourself when putting together your information that will be necessary to will preparation. Please note that this list is by no means exhaustive:
1) Family information (spouse and children, if any)
2) If separated/divorced, review separation agreement of divorce decree
3) Do you own real estate?
4) If yo own real estate, is there a mortgage?
5) Do you own real property alone or jointly?
6) Who do you want to be custodian for any minor children?
7) Who do you want to be custodian for property bequeathed to minor children?
8) Do you have life insurance policy? Who is beneficiary?
9) Do you have checking or savings accounts? (individual, joint)
10) Do you bank accounts have named beneficiaries?
11) IRA accounts?
12) Pensions?
13) Who do you want to receive personal property (i.e., jewelry, furniture) when you die?
14) Who do you want to devise your real property to?Who do you want to receive the remainder of your estate? (residuary estate)?
15) Who do you want to be named executor? Successor executor?
16) Will you require your nominated executor to post an undertaking or bond to ensure proper performance of their fiduciary responsibility?
17) Will you require your nominated executor to post an undertaking or bond to ensure proper performance of their fiduciary responsibility?
If you need an experienced Long Island estate attorney to assist with the drafting of your will, please contact the Law Offices of Michael W. Alpert, Esq. at 631-225-4603 or malpert@alpertlegal.com