What rights do my heirs have to my estate?

In New York, the rights of your heirs to your estate will depend on whether or not you pass away with a will or without a will. If you pass away with a will, your heirs will have the rights that you designate in your will. This means that your heirs will inherit assets according to your instructions in the will. It is important to note that your estate may be subject to estate taxes, depending on how much assets you have left behind. If you pass away without a will, the law in New York will determine how your assets are distributed. This is known as the law of intestacy. Generally, your assets will be distributed to your closest living relatives in order of proximity. This could include your spouse, children, parents, siblings, and any other living relatives in order of proximity. Therefore, it is important to make sure you have a will in place, as it will give you control over how your estate is distributed. Additionally, making sure that your will is regularly updated will ensure that your heirs receive the assets that you want them to receive.

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