What Does an Estate Planning Lawyer Do?

What is an estate planning lawyer? This professional can help you create a comprehensive plan that includes all of your financial assets. This will help your family avoid the costs of probate and the hassle of dealing with an executor. An estate planning lawyer can also help you make changes to your estate plan when necessary. This can be particularly beneficial if you are changing your family's finances or moving to a new city.

An estate planning lawyer can help you protect your assets during your lifetime and after your death. They are experts in this field and can ensure your estate plan is legal. They will also help you create and execute a last will and testament, which outlines your wishes upon your death. They can help you to create a power-of-attorney, which allows someone else to manage your financial and healthcare affairs in the event that you become incapacitated.

A lawyer specializing in estate planning must have passed the bar exam in their state. Choosing a qualified attorney is essential because the laws vary from state to state. An attorney should be able to put you at ease and assist you in making the tough decisions for your estate plan. An attorney will be able to answer your questions and help you make informed decisions about your estate plan.

Planning your estate involves identifying your values and goals, and working with an experienced estate planning attorney. Your lawyer will help you create a framework around these goals and values. He will also keep track of your estate plan, making sure that it meets the legal requirements of New York state. If you don't have a lawyer yet, a good website to use is Rocket Lawyer. The online version of Rocket Lawyer will provide you with basic legal information and advice, but it's no substitute for an attorney.

An estate planning lawyer helps you create a will and other documents that will help your loved ones after you pass away. A will is the most important document to have in your estate plan. A living trust, which is an asset management tool, allows your beneficiaries to make decisions about how you manage your assets. You can leave financial instructions to your loved ones by creating a living trust. You can designate who will inherit the assets in the event of your death.

Aside from writing wills, an estate planning lawyer will also help you set up a trust and minimize inheritance taxes. A will is necessary in order to avoid estate taxes if your spouse dies before the age of 68. Adding a new grandchild will require a new will, which can involve hundreds of dollars of legal fees. However, estate planning attorneys will help you avoid the cost of probate and avoid the hassle of guardianship.

Matus Law Group | Estate Planning Attorney and Special Needs Trust Lawyer | Trusts Law Firm - New York City

222 Broadway Fl 22, New York, NY 10038, United States

(929) 412 1808