New York is home to many, shall we say, vibrant personalities. From The Naked Cowboy to Amanda Bynes, it's often hard to tell the difference between incompetence and mere eccentricity in the Big Apple.

Fortunately, from a legal perspective, there are certain factors courts use to separate the weird from the legally worrisome.

Two wills can cause many problems -- take Huguette Clark's wills, for example. A feud over the $300 million dollar copper mining fortune of the late heiress has finally come to a resolution in late September 2013. The final result benefits mostly arts charities and some distant relatives, The Associated Press reports.

The late Clark rarely made a public appearance after the 60s, and she died estranged, with no close relatives. What exactly was the issue with her wills?

How should you prepare yourself for probate in New York?

Probate is the legal process of transferring property after a person's death. Usually, the terms of the transfer follow the intentions of one's will, but there are other sources that can come into play. In a nutshell, property is gathered and collected, debts are paid off, and then the rest of the assets are distributed accordingly.

It's always smart to think about how you'll want to prepare for the future. So, with that said, here are 5 steps to prepare for probate in New York:

What is required for a formal will in New York? The will requirements for every state will vary, so it's important to know what is required in your state. Otherwise, you run the risk of your loved ones and those named in your will running into legal trouble, or the possibility of your assets falling into the wrong hands.

There are a few different kinds of wills in New York, and a formal will is only one type. However, it is the most common one. The other kinds are only accepted in very limited circumstances. These include holographic (handwritten) wills and nuncupative (unwritten, e.g. video or audio) wills.

Most wills in New York are going to be formal. So, with that said, here are 3 must-haves for a formal will in New York:

Are handwritten wills legal in New York? Otherwise known as holographic wills, handwritten wills are not usually the preferred way of entering a will into the legal system for validity.

While formal will requirements vary from state to state, they generally encompass some combination of being signed by the testator, with witnesses present at the time of execution.

New York's formal will statute in particular has the following requirements for a formal will:

Think you've got the Mega Millions, Powerball, or New York Lottery jackpot in the bag? Before picking out the color of your dream jet, consider dreaming more long-term. Lottery winners are notorious for losing it all, as Business Insider reminds us.

If you're one of the fortunate few to win the lottery, here are seven estate planning tips to lengthen the rainbow to your pot of gold:

Writing a will isn't easy. Oftentimes, it's morbid. Many New Yorkers -- even millionaires -- put off facing mortality by never writing a will. So what happens if you die without a will?

When you leave the world without leaving a will behind, legally speaking you die "intestate."

A major part of estate planning is developing an understanding of your potential tax liability and minimizing this amount.

The federal estate tax, which is imposed on large estates, can be reduced through various estate planning techniques. The following is a list of five methods you may want to think about as ways to reduce your estate taxes:

Even the best-drafted estate plan is useless if there is no way to access your money and property. That's why it is critical to account for things like your keys, PIN numbers, and passwords when drafting an estate plan.

If you do not properly account for these things, your family may be completely precluded from accessing electronic records, as well as cash and jewelry you keep somewhere secure like in a safe.

Here are five tips for keeping track of your passwords, keys, and PIN numbers:

Let's go back to the basics today. Do you really need your estate planned?

For many, the concept of planning an estate sounds like a bigger deal than it is. You might think you don't have enough of an estate to plan; after all, estate planning is for the wealthy, right?

You may also think that it's something that's easy to do by yourself. All you need to do is to write out your wishes on paper and go to a notary, right?