No one is too young or too old to properly prepare for the transmittal of her or his property by means of a will. An executor gathers the assets of your estate and then distributes these assets according to your expressed wishes. You may reduce or completely eliminate estate and inheritance taxes by the directions of your will, and by charitable bequests. You may name guardians for your surviving minor children. You may establish trusts for surviving heirs, thereby protecting heirs who may not be able to manage money.
Trusts also save heirs from the burden of financial responsibility.
You may choose your own trustee. A trustee is an individual or organization experienced in handling money and legally qualified to do so. You may select that portion of your estate from which taxes due are to be paid. You may mention Hofstra University and other charities with which you have lifetime affiliations and interests in your will. May be an unrestricted outright gift for a use designated by the Trustees of Hofstra University.