- They ensure your estate plan says exactly what you want it to say
While you can mean a thing in your heart, the way you say it may not be taken as you meant it. Estate planning is a legal matter, and 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.
- 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.
- Plan for incapacity
As you get older, there is tendency you may become unable to run your financial affairs yourself. Dementia, Alzheimer’s, or some other severe illness can make a person legally incapacitated — incompetent of making decisions for themself. We can help you plan towards this so that in the event you become incapacitated, you would have someone making decisions for you.
We can help you create:
- Power of attorney: by which you appoint a trusted agent who would make financial decisions on your behalf and manage your estate when you become incapacitated.
- Healthcare surrogate: Your healthcare surrogate or medical power of attorney enables you authorize an individual to make healthcare decisions on your behalf.
- Living will: in which you express your wishes concerning eventual end-of-life situations.
- Making Updates to your estate plan
While you may think estate planning is a once-and-for-all affair, it is not so. Your documents require updates from time to time to keep up with the ever-changing laws and your estate situation. A named beneficiary or fiduciary may pass away, and you may get divorced, acquire or lose property. Each of these scenarios will require a relative change in the respective document.
- Asset protection
If your estate values beyond the estate tax exemption amount ($5.85 million) and you wish to avoid the huge tax, we can help you shield your assets by execution of an irrevocable trust. This also shields them from creditor claims, relieving your family of the stress of having to deal with your creditors.
- Work with your executor during probate
In your will, you must name an executor who would take your will to court for probate, and then disburse your estate according to the will. They will be faced with many legal formalities and the person best fit to offer them assistance is your estate planning attorney. Having assisted you in writing your will they’re in a better position to help the executor. Probate typically progresses faster with fewer hitches when there is back up from a legal professional.
Bottom Line
Give 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.
When it comes to estate planning, people end up falling victim of certain mistakes. A mistake can be so costly such that it plunges the surviving family into confusion and bitterness. In the end, your surviving family would be angry with you for not putting better plans in place. To ensure you protect the happiness and financial future of your family, you need to have an estate plan devoid of mistakes.
Moreover, the best way to avoid costly mistakes when estate planning is to work with an experienced estate planning attorney near you.
Contact Estate planning attorneys Buffalo, NY 14276
For help with estate planning in Buffalo, NY 14276, Contact our office to speak with one of our estate planning attorneys near you.