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Former mayor's will names 3 nephews as major beneficiaries

Taking the time to meet with a lawyer in Lee County, Florida and writing down your final wishes can be one of the most loving things you can do for your family. After a loved one dies, the last thing anyone wants to do is argue over what should go to whom. Writing a last will and testament can ensure that your estate is divided in a manner you see fit and that your loved ones are taken care of.

A popular former mayor who took the time to do this died recently. His will was straightforward and meticulously laid out, so that there are no questions of his intent. With his estate valued at over $10 million, the lack of a will could have been a huge problem. Instead, his loved ones can focus on remembering and celebrating his life instead of how they are going to divide up his estate.

Although he left $100,000 to an educational fund, the rest of his estate was left to the people he loved the most. The man never married, so he has no descendants of his own. His longtime personal secretary will receive $100,000; his sister will inherit $500,000. His sister's three boys whom he adored stand to inherit the bulk of the estate.

Whether you have a lot of money like this man or just a small amount in comparison, it is important that you meet with a lawyer to write up a will. Doing so can save your loved ones a lot of pain and heartache after your passing.

Source: New York Daily News, "Beloved former mayor Ed Koch leaves majority of his estate to his three nephews, $100,000 to long-time secretary," Heidi Evans, Joanne Wasserman and Nancy Dillon, Mar. 11, 2013

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