Estate planning is the best way to ensure that your assets are managed and distributed according to your will after your demise. In addition, estate planning is another way to ensure that your family and loved ones are well taken care of after your death. Without an estate plan, you won’t have a say over what happens to your assets after your death or incapacitation.
Though the term estate planning may appear like a simple plan that involves only the preparation of a will like most people think. It is important you note that state planning involves more than drafting a will which contains the names of estate beneficiaries and the assets of the deceased. Estate planning involves a lot of legal paperwork. Thus, for this reason it is important you hire an estate planning attorney.
Estate Planning Attorneys Long Island
Estate planning attorneys specializes in several areas of estate plan, including federal and state laws regarding wills, taxes, trusts, and power of attorneys. Also, after the death of an estate power, there is a possibility that his or her will may be contested by an insider or outsider. In that case, it is important that you hire the services of an estate a planning attorney. Or, if your estate is quite complex, leveraging those online estate planning tools wouldn’t be a good idea. Estate planning attorney are experts in handling complex estate and can be of great help if you find yourself in such a situation.
Do you reside in Long Island and need help with your estate plan? Contact an estate planning attorney, Long Island now!
What are the duties of an estate planning attorney?
An estate planning attorney, who also goes by the names estate law attorney, or probate attorney, is a lawyer that specializes in tacking estate matters. Regarding certifications, estate planning attorneys are not different from those who specialize in merger and acquisitions or personal injury suits. Irrespective of specialty, estate planning lawyers still have to be successful in their bar exam for the state in which they practice.
The major difference lies in the specialization that estate planning attorneys obtain via years of experience tackling several estate planning problems. An estate planning attorney’s duties can vary. However, they all center around one aim: to help clients in preparing for the end life and financial legacy they will leave.
The help of an estate planning attorney can come in several ways. Mostly, estate planning attorney can assist you in writing a last will and testament and set up a trust. Your estate planning attorney can also help you reduce estate or inheritance taxes.
As soon as you pass away, an estate planning attorney can help the estate executor of your will in distributing the assets to the designated beneficiaries. Should your estate enter probate, these professionals can provide you estate executor and beneficiaries with the guidance they need to overcome this tedious process without delay.
In addition, an estate planning attorney can assist you in making sure that you are prepared for end-of-life scenarios like incapacitation as a result of an accident or illness. This normally involve designating a power of attorney, drafting a living will or creating any other kind of advance directive. A competent estate planning attorney can act as a legal guide throughout all the aspects of preparing for the end of life.
How do I Find and Estate Planning Attorney?
Finding an estate planning attorney is pretty easy. However, finding one that is competent enough to help in planning your estate the way you want it can be very difficult. So, how do you find a good estate planning attorney?
To find such estate planning attorneys, you should ask friends and family for r recommendations. They should be able to recommend one or two competent estate planning attorneys and all you have to do is choose the best.
In addition, you can try getting a referral from your state bar association or from a county or local probate court. Your financial advisor can recommend one, as they normally have trusted attorneys to whom they often refer clients.