Due to the often hidden nature of estate planning and the not always truthful representation and reporting of it by the media, it is not unusual for many people to be confused or unsure of the actual proceedings that accompany estate planning. Misconceptions and myths run abound, which can make it difficult for people who are attempting to move forward with their first attempt. There are many myths that an experienced Garden City estate litigation lawyer can help you debunk.
One of the most widely circulate myths is the idea that if you do not have a will that the state will seize and control all of your assets after you die. This is untrue. It is, however, true that in the aftermath of your death the state will be the one who determines who will receive your assets. This varies from state to state, and your assets can be passed on to your surviving spouse, your children or your parents depending on the law.
Still, it is highly recommended that you do not leave this up to the jurisdiction of the state. By working with a skilled estate litigation lawyer, such as the legal team at Jonathan E. Kroll & Associates, PLLC, you can maintain control of where your assets will go - such as to close friends or charities that you care about. To learn more about the process and to get answers to all of your questions, do not hesitate to contact a Garden City estate litigation attorney from the firm today.
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