At Pepicelli, Youngs & Youngs, P.C., we believe it is our responsibility to empower our community by increasing awareness of various legal issues. We devote considerable time to researching a wide variety of relevant legal problems that affect people. Through publishing and public speaking, we seek to help clients and non-clients alike achieve a greater understanding of the legal world that surrounds them. Our attorneys are available to speak to groups regarding any of our practice areas without charge; please call us to schedule.

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FACEBOOK Q & A – See below.

POSTED 7/22:  A Will is used to:

A. Say who gets your stuff when you die.
B. Name who notifies family and other people of what’s in your Estate.
C. Say whether your Estate or beneficiaries pay death taxes and other expenses after you die.
D. All of the above.

Correct answer is D – ALL OF THE ABOVE.  A Will states how your property (both tangible stuff you can see and touch, and intangible things, like bank accounts, CDs, etc.) is to be distributed at death, but in most cases does not include beneficiary assets, such as IRAs, life insurance, etc.  A Will also names an Executor, and part of the Executor’s job, according to law, is to notify family and other people of what they may be entitled to in your Estate.  A Will can also state whether your Estate or beneficiaries pay Inheritance Tax and other expenses owed.