May 2013 News: New York Estate Planning News

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May 2013 Archives

Lottery Winners: 7 Estate Planning Legal Tips

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:

What Happens If You Die Without a Will?

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."