What Does an Estate Planning Lawyer Do?

What is an estate planning lawyer? This professional can help you create a comprehensive plan that includes all of your financial assets. This will help your family avoid the costs of probate and the hassle of dealing with an executor. An estate planning lawyer can also help you make changes to your estate plan when necessary. This is especially helpful if your family is moving or changing their financial situation.

An estate planning lawyer can help you protect your assets throughout your life and after your death. They are experts in this field and can ensure your estate plan is legal. They can also assist you in creating and executing the last testament that outlines your wishes for your estate. They can help you to create a power-of-attorney, which allows someone else to manage your financial and healthcare affairs in the event that you become incapacitated.

An attorney who specializes in estate planning must pass the state bar exam. It is important to choose a qualified attorney because laws can vary from one state to the next. An attorney should be able to put you at ease and help you make the difficult decisions necessary for your estate plan. An attorney will be able to answer your questions and help you make informed decisions about your estate plan.

Estate planning involves identifying your goals and values and working with a trusted estate planning attorney. Your lawyer will help you create a framework around these goals and values. Your lawyer will keep an eye on your estate plan and ensure it meets all New York state legal requirements. If you don't have a lawyer yet, a good website to use is Rocket Lawyer. The online version of Rocket Lawyer will provide you with basic legal information and advice, but it's no substitute for an attorney.

An estate planning lawyer helps you create a will and other documents that will help your loved ones after you pass away. A will is the most important document to have in your estate plan. Besides a will, a living trust is an asset management tool that allows your beneficiaries to decide how to manage your assets. A living trust will allow you to leave instructions regarding your finances to your loved ones. You can designate who will inherit the assets in the event of your death.

Aside from writing wills, an estate planning lawyer will also help you set up a trust and minimize inheritance taxes. If you have a spouse who dies at age 68, a will can be necessary to avoid estate tax. Adding a new grandchild will require a new will, which can involve hundreds of dollars of legal fees. Estate planning attorneys can help you avoid probate costs and avoid guardianship.

Matus Law Group | Estate Planning Attorney and Special Needs Trust Lawyer | Trusts Law Firm - New York City

222 Broadway Fl 22, New York, NY 10038, United States

(929) 412 1808