Get expert estate planning services in Buffalo, NY by calling us today. Our estate planning attorneys 14203 serving Buffalo are ever ready to assist you and offer you the best of estate planning. We understand the estate laws and strategies of New York and will apply them to your advantage. We want to help you achieve peace of mind that comes with knowing you could be providing for your loved ones even when you’re gone, that your hard-earned estate will be in competent hands of your choosing, and that your loved ones can inherit at minimum cost and time.
Let us help you. Call us today to get in touch with our estate planning attorneys near you in Buffalo NY, 14203.
Top Reasons why you should hire an estate planning attorney
1. Ensures your estate plan complies with state laws
Estate plan is a legal matter and every New York estate planning document is bound by New York law. Inadequate understanding of these laws can cause you to make costly mistakes, hence throwing your family into problems when you pass away. In trying to correct your mistakes, they may incur expenses, but that is if the mistake is correctable. For example, naming a legally unacceptable person as your executor or trustee cannot be corrected, and your wish will therefore not be honored.
2. Estate planning attorneys ensure your estate plan says exactly what you mean
It is one thing to mean a thing; it is another thing to write what you mean exactly as you mean it. Estate planning is a legal matter, since your will must pass through the court, you need to use the appropriate terms in order to avoid confusion, ambiguity, and inconsistency. A professional highly-skilled in such legal matters will know the right terms as they are recognized by the court. To prevent your family from having headaches when you pass away, get help from an estate planning attorney near you.
3. Coordinating your estate plan
Estate planning should be holistic, with all the documents working in unison towards a goal. Without proper understanding of how these documents work, you may create your estate plan such that one document conflicts with another, leading to discrepancies. For example, your life insurance may bear the name of your ex-wife as the beneficiary, whereas in your will, you bequeath the insurance proceeds to your current wife. Again, you may have an attorney-in-fact whereas there is already a successor trustee in your living trust, two completely different people with interwoven roles.
An experienced estate planning attorney will coordinate your estate plan to prevent discrepancies in your estate plan.
4. Keeping your estate plan updated
Estate planning is not something you do once and for all. In fact, as you continue to live, your situation may change and such changes would require you to review your estate plan. Say, you get divorced, your wife gives birth to a child, you acquire a new property, or lose your successor trustee, executor, or attorney-in-fact, etc. Each of these circumstances warrants a consequent change in your estate plan. You would want to create a place for your new child and spouse in your will or trust, and remove the names of those you’ve lost. You would also have to address your new assets.
The truth is that your job may not give you enough time to review your estate plan, which is why you should have an estate planning attorney do it for you periodically. They would also ensure the documents comply with the current laws (given the fact that New York tax laws often change).
5. Help you minimize the hassle of probate
If your estate is highly valued with complex assets including those outside New York, then the probate process gets even more complicated and lengthy than usual. Through proper estate planning, our estate planning attorneys will help you keep valuable property outside probate to ensure quick, efficient bequeathal.
6. Giving you peace of mind
Most certainly you would have people who depend on you. It may be your minors, that niece, cousin, or charity organization.
You will live your old age in peace and smiles when you know you have secured the financial future of your loved ones. Through comprehensive estate planning, your attorney can give you coverage over all your needs and worries. Get that peace of mind by calling us today.
Estate planning attorneys near me 14203
Looking for an estate planning attorney near you in Buffalo, NY 14203? Contact our office today to speak with one.