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Alternatives to probate
Estate Planning

Alternatives to probate

Exploring Alternatives to Probate in New York Probate is a court-supervised process that validates a will, settles debts, and distributes the assets of a deceased

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How to Protect Your Assets
Estate Planning Law

How to Protect Your Assets in New York

In today’s economic climate, protecting your assets is not just about saving money—it’s about strategic planning to ensure financial stability and security for the future.

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All About Revocable Trust in New York
Estate Planning

Revocable Trust New York

All About Revocable Trusts in New York To ensure your assets are managed and distributed according to your wishes, estate planning is essential. One of

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Probate is the process of validating a will in a court of law, and settling all financial and estate affairs of a deceased person after their death.
Estate Planning

Probate New York Attorneys

Probate New York Attorneys Probate can be one of the most complex and stressful aspects of estate administration. It involves the legal process of validating

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Estate Planning as a DIY Challenge - Morgan Legal Group
Estate Planning

Estate planning as a DIY challenge

Estate Planning as a DIY Challenge In an era where information is more accessible than ever, many individuals feel empowered to take on challenges that

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Experienced Probate Property Attorney in New York - Morgan Legal Group
Estate Planning

Probate property attorney

Understanding the Role of a Probate Property Attorney in New York The probate process is a legal procedure that occurs after someone passes away, involving

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Major Reasons for Guardianship in New York
Estate Planning

Major reasons for guardianship

Major Reasons for Guardianship in New York Guardianship is a legal process in which a court appoints an individual, known as a guardian, to make

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Will an Attorney in New York
Estate Planning

Will Attorney New York

Will an Attorney in New York: Protecting Your Future Creating a will is one of the most important steps to plan for your future and

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Guardianship in New York
Estate Planning

Guardianship in New York

Guardianship in New York: Understanding the Process and Importance In New York, the guardianship process is a legal mechanism designed to protect those who are

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Understanding the Probate Process in New York
Estate Planning

Probate New York Lawyer

The Probate Process in New York: A Comprehensive Guide The probate process is often a challenging time for families as they cope with the loss

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Comprehensive Medicaid Trust Planning in New York
Estate Planning

Medicaid Trust New York

Probate Lawyers in NYC: Guiding You Through the Probate Process The probate process can be complex and overwhelming, particularly during a time of grief. At

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Experienced Probate Lawyers in NYC
Estate Planning

Probate Lawyers NYC

Probate Lawyers in NYC: Guiding You Through the Probate Process The probate process can be complex and overwhelming, particularly during a time of grief. At

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Estate Planning

Probate Lawyers New York

Probate Lawyers in New York: Your Guide Through the Process At Morgan Legal Group, we understand the complexities and emotional challenges of managing the estate

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Estate Planning

Estate Planning and Probate

Estate Planning and Probate At Morgan Legal Group, based in New York City, we specialize in estate planning, probate, guardianship, elder law, wills, and trusts.

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Estate Planning

Estate Planning and a Last Will

Estate Planning and a Last Will in New York At Morgan Legal Group, located in New York City, we specialize in estate planning, probate, guardianship,

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Estate planning involves an individual making plans and putting measures on ground to provide for proper handling and management of their personal affairs and finance in case of an eventuality which  might lead to them not being able to manage their affairs anymore. No one is too young or old to plan. Everyone has to and needs to plan. Planning is important for those with a modest estate as it is for the wealthy. Planning one’s estate gives a sense of assurance for the future if anything should happen at any time. In making a comprehensive estate plan, there are vital documents that the estate plan should have. Without these documents, achieving the aim of making the estate plan might be impossible.

To ensure you get your estate planning right and all your documents are properly established, get help from an estate planning lawyer near you.

Our estate planning attorneys are ready to assist you wherever you are in Long Island.

 Will

A will is a detailed and basic estate planning document which contains necessary information on how you want your estate to be managed as well as the beneficiaries of your estate in the case of death.

In writing a will, there are a whole lot of things you will need to put into consideration. It goes beyond just allocating whose getting what. There are many ways you can write a will but if you are in Long Island, you should write your will in accordance with New York’s law. If your estate is a complex one or you wish to avoid probate because of either cost or any other reason, it would be best if you contact an estate planning attorney near you.

When writing a will, there are legal requirements which you have to be familiar with or you can get a professional estate planning attorney near you

Requirements for writing a will in Long Island

  • The will must be in writing.
  • You (the testator) must be 18 years or above.
  • You must be of a sound mind at the time of writing the will.
  • There must be at least two witnesses concurrently present who must each sign and attest to the presence of each other.
  • The will must also contain the written signature of the testator.

Living trust

At the event of death, your will is admitted to court for probate proceedings. Probate proceeding involves different steps which for instance include your named executor settling your debts, taxes etc. If you are a person whose assets are much and are in different places, probate might even take longer and cost more. Also during probate lots of challenges are encountered like the challenge of will contest, insufficient fund to settle creditors, the named executor might even reject this role. But you can make things easy by passing your assets in a living trust in Long Island.

Power of attorney

A POA (Power Of Attorney) is a legal document bearing the name of the person whom you have chosen to take over your affairs on your behalf when for one reason or another you can’t handle them yourself.

Health care proxy

 Health care proxy is also known as health care power of attorney. It allows you choose a person who will be making medical decision concerning you on your behalf when you are no longer capable to make these decisions yourself.

 Durable financial power of attorney

This is another important legal document. Unlike the health care proxy POA, here you appoint someone or an agent who you trust to make decisions concerning your finance. These decisions are made in your interest when for some reasons like illness or old age you can’t make these decisions yourself. These agents are legally bound to always act in your best interests.

Advance healthcare directive (Living will)

No matter when or how, there must certainly be an end to a person’s life. For some persons they get caught up in critical situations. They are not dead but they are living with the aid of life support systems. Most persons wouldn’t want to live like this so they would prefer to die than being kept alive by life support systems. They make this decision now that they are capable.

Get professional assistance from an estate planning attorney in Long Island

You will need the assistance of an attorney to guard you in the process of these documentations. Our estate planning lawyers in Long Island are ready to assist you. Call us today.

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