It is no surprise that some people don't want to talk about estate planning. It's not a comfortable topic. Discussing your estate plan means you need to accept that you won't be around forever, and you need to address what you want to do with your assets, debts and liabilities.
A will is a person's last chance to tell you what he or she wants to do with his or her assets and estate. Normally, it's extremely hard to challenge a will, because attorneys take the time to have witnesses present and to guarantee a person's ability to sign a legal document before allowing one to be completed.
As people age, it's important that they begin to talk about estate planning. It can be a difficult topic to bring up, and it may be uncomfortable. Despite that, it's a good idea to talk about estate planning, because without a good plan, the estate could be heavily taxed, go into probate or face other issues following your death or the death of someone who is close to you.
As someone who is getting older, you've probably started to think about your estate plan. One thing that's important to have is an elder law power of attorney (POA). An elder law power of attorney isn't quite the same as a typical POA.
There is a lot you and other New York residents need to think about when doing your estate planning. Which relatives do you want to leave your favorite heirlooms to? How should you divide your home and vehicles amongst your loved ones? Can you specify how you want your grandchildren to spend their inheritance? What if you become incapacitated before you die?