We can help you create the following estate planning documents:
Last Will
A last will and testament is a document expressing your last wishes. In this document, you lay down instructions on how you want your estate disbursed when you die. Our goal is to ensure your will:
- Complies with state laws for validity
- Contains the right terms
- Does exactly what you want it to do
- Addresses the right assets to avoid confusion and squabbles when you pass away
Living trust
A living trust also allows you to transfer property to whomever you wish, but without going through the costly and time-consuming probate process. Assets held in a trust pass outside probate. However, not all assets can or should go into a trust. We will advise you on what to include and what not to.
Power of attorney (POA)
As you get older, there is always the fear of incapacity. It may be Alzheimer’s or dementia. It may never come. However, it is best to plan for such a situation. A power of attorney is a document by which you can authorize a trusted individual to make decisions for you when you are incapable of doing so yourself. This agent, known as your attorney-in-fact, will step into your shoes to manage your property, legally bound to act in your best interest always. There are different kinds of POA, and we will discuss and create only that which suits you.
Medical power of attorney: you grant your agent powers to make only medical healthcare decisions. Here, your agent has no authority over your financial affairs.
Living will
Legally known as the New Jersey instruction directive, this document allows you to lay out your terms for the end of life treatment in a case where the quality of life can no longer be extended. You can instruct that you should not be kept on life support, and your wishes will be honored when the time comes.
Benefits of Estate planning
There are several people out there who believe that they don’t need an estate plan, they believe that an estate plan is only for the wealthy. The fact remains that estate planning is for everyone and if you fail to plan your estate, you may be hurting your future and that of your family, inadvertently. Moreover, planning an estate comes with several benefits and below are a few of them:
- Helps in the management of a person’s property in the event of incapacitation
- Helps enable the proper and easy distribution of the deceased’s assets
- Helps to safeguard beneficiaries
- Helps reduce estate taxes
- Helps reduce cost and prevent rhubarb
- Helps accelerate the transfer of a person’s assets
Bottom line
Estate planning attorneys can draft an estate plan that makes everything easy for your family; no probate, no huge estate taxes or anything that can cause complications for them. We all hold our family at high esteem. In fact, one major reason why people create an estate plan very early is because of their family. You see, to create an estate plan that can protect your family, you need to hire a competent estate planning attorney.
Estate planning can be complicated; it is not one of those basic DIY tasks. If you fail to make a good estate plan, you may be risking the future of your family as well as properties. You need to hire an estate planning Lawyer Manhasset New York for your estate planning projects.
How an estate planning lawyer works
Estate planning lawyers are good listeners and want you to share your story with them, including personal ones so a balance can be attained between how your work life conflicts with your relationship life, family ties that keeps you in a benefactor position etc. All this information makes it easier for your estate lawyer to navigate you right through this crucial process.
Just as you shouldn’t hide anything from your doctor during health related consultation, you should also be completely open to your estate lawyer on what you want concerning your estate.
Contact an Estate Planning lawyer Buffalo NY today.
The city of Buffalo, NY, boast of several estate planning attorneys. However, to find the best you must be willing to dig deep. Well, you don’t have to do that anyway because we can provide you with the best estate planning attorney for your estate. Please, contact us so we can provide you with the best estate planning attorney for your estate.