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What is Elder Law in New York 2024?
elder law

WHAT IS ELDER LAW?

Understanding Elder Law in New York 2024 As individuals age, their legal needs evolve, requiring specialized expertise in areas affecting their health, assets, and legacy.

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All About Trusts and Wills in New York
Estate Planning

All About Trusts and Wills in New York

Understanding Trusts and Wills in New York: Essential Tools for Estate Planning Planning for the future requires careful attention to detail, especially when it involves

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Attorney for Wills and Trusts
Estate Planning

Attorney for Wills and Trusts

Discover expert guidance for Wills and Trusts in New York. Morgan Legal Group provides personalized estate planning for peace of mind.

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Different Types of Wills in New York
Estate Planning

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Understanding Different Types of Wills in New York Wills are critical estate planning documents that allow individuals to express how they want their assets distributed

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Common Probate Issues In New York
Estate Planning

Common Probate Issues In New York

Common Probate Issues Probate is a legal process that occurs after an individual passes away, involving the distribution of their assets according to their will,

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Estate Planning Tips in New York - Morgan Legal Group
Estate Planning

Estate Planning Tips:

Estate Planning Tips in New York Estate planning is a vital process for ensuring that your assets are protected, your healthcare decisions are respected, and

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Guardianship Attorney in NYC
Guardianship

Guardianship Attorney

Guardianship Attorney in NYC In New York City, the need for guardianship arises when an individual can no longer make decisions for themselves due to

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An estate plan is a plan done in preparation of one’s death or incapacitation. The plan contains instructions regarding the distribution and maintenance of one’s assets. An estate plan clearly states who will inherit certain properties of the deceased, the estate executor of an estate, the liabilities of the deceased, his or her assets, including other information regarding the estate of the deceased.

As a rule of thumb, it is advised that you plan your estate at the early stages of your life. Don’t wait before you put those plans in place as you don’t know when you will kick the bucket. Secure your future and those you care about! Contact an estate planning attorney near Williamsburg in order to kick-start the process.

Having understood what estate planning is, let’s dive into the main crux of this article.

What are the emotional aspects of planning your estate?

People often shy away from talking about their own death or the taxes they owe. Talking about your death can be scary especially when the audience is your family members. On the other hand, talking about the taxes you owe can be as well embarrassing. It kind of spells out your financial incompetence.

Many individuals are scared to talk about their estate. Some people are afraid that their family may suffer when they die. Why? Because they are in so much debt! For others, they aren’t quite sure who to transfer their assets to. Making such a huge decision makes their stomach churn. Let’s take a look at some things that scares the crap out of estate owners.

The Death word

People are often scared to plan their estate because they will have to make reference to statements like “When I die” in the process. Nobody wants to be making such statement, no body want to be talking about their death. So, rather than using the sentence “when I die” people often use other related sentences such as “ When I bite the big one” or “ when I kick the  bucket”.

Some people also believe that creating will is one way to bring death upon oneself. It is one common misconception that prevent people from planning their estate in time.

Fear of the cost

One of the reasons people fail to plan their estate is the fear of the cost. One thing every estate owner should realize is that, estate taxes are not meant for you. You won’t be alive to worry about paying taxes. Neither will you have to worry about the cost associated with the probate process. So why should cost scare you away from planning your estate?

One of the costs you may have to worry about is the cost of hiring an attorney. However, not all attorneys are expensive. Before you decide to hire one don’t be scared to request for his or her charges. Nevertheless, the cost of hiring an estate planning attorney shouldn’t stop you from panning your estate. See estate planning as a gift to your family. Trust me, it is the best gift you can offer them after your demise.

Estate planning Attorney near Williamsburg

You need an estate planning lawyer! Don’t let anyone convince you that you can create a perfect estate plan yourself without the assistance of a professional. It is just like flying a plane without the help of a pilot, or fixing your car engine without the help of an experienced mechanic.

The goal of an estate plan is to reflect the aims of the estate owner regarding his or her assets. Once your estate plan fails to do this either because of an error or any reason, then you don’t have an estate plan, but something else entirely.

An estate planning attorney has all the experience and resources required to create an estate plan that is in line with your desire. If you advice, an estate planning attorney can provide you with one.  Contact an estate planning attorney near Williamsburg now!

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