Everyone, whether you are married, divorced, single, childless, parent, in good health, or in bad health should have a will regardless of family dynamics or financial status and can benefit from having an estate plan. No one can predict the future, but one thing is sure: If you leave unanswered questions on how to settle your affairs, life for those you love could be even more difficult. That’s why answering questions now—and formalizing them in an estate plan—is an important step that shouldn’t wait. Make things easier for the people you love.
Clients across Erie and Niagara County trust the knowledge and credentials of Melissa A. Tocha when it comes to estate planning and administration.
A Will is an essential part of any estate plan. It is the primary document for the transfer of your assets upon death. It sets forth your wishes regarding the distribution of any real property and your belongings, such as cars or family heirlooms. An Executor is chosen to manage your estate and carry out your wishes.
If you have minor children, you should select a guardian and trustee to oversee the minor's needs and finances. You can prevent family discord and costly legal expenses by taking the time to designate a guardian and trustee for your minor beneficiaries.
If you are charitably inclined, a will lets you direct your assets to the charity of your choice. Likewise, if you wish to leave your assets to an institution or an organization, a will can see that your wishes are carried out.