Selecting Beneficiaries of Will
Beneficiaries of a Will are the people or entities you name in your Will to receive your assets upon your death. For example, you can name: one person; two or more people; the trustee of a Trust you’ve set up; or a charity. Named beneficiaries are also designated in trusts. It is important that you name your beneficiaries and do it properly to make sure that your intentions are fulfilled. Confusing or incomplete language or designations can destroy an otherwise good estate plan. You want to avoid Court proceedings in which competing parties attempt to determine the meaning or proper construction of a Will or a Trust provision.
Full consideration should be given to clearly naming the beneficiaries of Will or Trust. Secondary (contingent) beneficiaries should also be carefully considered and identified as well. It is also important to review and amend the beneficiaries of your Will periodically. Beneficiaries may die or your feelings about them may change.
I have many years of experience working with clients in the creation and implementation of plans that effectively express clients’ desires regarding the disposition and protection of assets. I also work closely with clients in Court proceedings where the interpretation of Wills, Trusts or other documents need to be resolved.
I was admitted to the New York State Bar in 1979 and admitted to the Supreme Court of the United States in 1982 after graduating in the top 10% of my class at The New England School of Law in Boston. I was admitted to the United States Court of Appeals, Second Circuit and the United States District Court for the Southern and Eastern Districts of New York. I started my own law practice in New York City in 1985. My practice stands out in its personal attention to the needs of my clients.
I am available to answer your questions or address any concerns you may have 24 hours a day, 7 days a week. Contact me now at (212) 355-2575 or fill out my contact form. I look forward to talking with you.