What Does an Estate Planning Lawyer Do?

What is an estate planning lawyer? A professional can help you to create a comprehensive plan that covers all 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 can be particularly beneficial if you are changing your family's finances or moving to a new city.

An estate planning lawyer can help you protect your assets during your lifetime and after your death. These professionals are experts in the field and will ensure that your estate plan is legally valid. 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. The attorney should be able to answer any questions and concerns that you have and will make you feel comfortable discussing your estate plan with them.

Estate planning involves identifying your goals and values and working with a trusted estate planning attorney. Your lawyer will help create a framework around your 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. Rocket Lawyer's online version will give you basic legal advice and information, but it is not a substitute for an attorney.

A lawyer who specializes in estate planning can help you make a will or other documents to benefit your loved ones. 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. A living trust allows you to designate who will receive the assets in case you become incapacitated.

Aside from writing wills, an estate planning lawyer will also help you set up a trust and minimize inheritance taxes. A will is necessary in order to avoid estate taxes if your spouse dies before the age of 68. 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