What Happens If You Die Without a Will in New York?
If you die without a Will, known as dying ‘intestate’, the New York Estates Powers and Trusts Law provides a process which allows your assets to pass to your closest relatives.
This ‘default’ plan for inheritance of your estate may not be consistent with your desires regarding the disposition of your assets or the handling of your family affairs. To discuss drafting a Will that is best for your family and your wishes, contact a qualified Wills, Trusts and Estate Planning attorney.
A Surviving Spouse Spouse Inherits Everything
A Surviving Spouse and children Spouse inherits first $50k and I2 of the balance of your estate Your children get the other 12
Children but no Surviving Spouse Children Inherit Everything
Parents but no Spouse or Children Parents Inherit Everything
Siblings but no Spouse Children or Parents Siblings Inherit Everything
More Articles You May Enjoy
Mayor Mamdani Proposes Changes to New York Estate Taxes : The new proposals are a significant change to New York Law
Last month, Bloomberg News and the New York Post reported that New York City Mayor […]
Read PostElectronic Wills Are Coming to New York
Beginning in June 2027, the execution of […]
Read PostEstate Planning and Taxes: A Practical Guide for Individuals and Families
Estate planning is about protecting people, not only assets. A well-designed plan can help your […]
Read Post