Like the responsible adult you are, you have already written your last will and testament. However, since you and your witnesses have signed it, you realized that you want to make changes. But what options do you have for implementing these changes? If you would like more information about how you can update your will in New York, please read on, then contact an experienced Putnam County wills attorney today.
Do you have to rewrite your New York will if you need to update it?
That will depend on a host of factors, including the extent of the changes. If you have only a few small changes, making a codicil is a functional option. A codicil is essentially a legal postscript to your will. To create a codicil, you need to:
- Write down what you want to remove or add to your existing will
- Sign the codicil
- Have two witnesses sign the codicil
- Keep the codicil with your will
After you have passed on, your executor(s) will read and interpret your will and codicil together. You can have a lawyer write your codicil for you, or you can make one yourself.
Should you rewrite your New York will if you need to update it?
Despite the ease of writing a codicil, in most cases, it makes more sense just to make a new will. Revoking the old will and making a new one will reduce the possibility of any confusion that could come from having an add-on to your will. With a new will, your executor(s) and survivors will have no extra sheets to lose or misconstrue.
While you can probably write a new will with will-writing software or online programs, you should strongly consider reaching out to a skilled Putnam County estate planning attorney.
How can a Putnam County estate planning attorney help you?
Whether you write a codicil or an entirely new will, a qualified estate planning attorney can help in the following matters:
- Organizing the smooth transition of assets after your death or disability
- Minimize the impact of taxes on your estate
- Reduce family conflict
- Prevent family disputes
- Minimize time in probate court
- Minimize the value of assets in probate court
- Distribute your assets and property to your children, spouse, loved ones and charities, according to your instructions
A competent wills attorney will also help provide you with guidance and describe your options if you have complex estate planning issues, such as a disabled child, children from a previous marriage or transitioning business ownership in a family business.
Regardless of the stage of the process, a lot of considerations go into a legally binding will, so please do not hesitate to give us a call today.
Contact our Firm
If you or a loved one needs assistance creating an estate plan, contact the Law Office of Andres D. Gil, PLLC today.