What Does an Estate Planning Lawyer Do?

What does an estate planning lawyer do? This professional can help you create a comprehensive plan that includes all of your financial assets. This will save your family from the expense of probate and the headache of dealing with an executor. A lawyer who specializes in estate planning can help you to make any necessary changes to your estate plan. This is especially helpful if your family is moving or changing their financial situation.

An estate planning lawyer can help you protect your assets throughout your life 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. It is important to choose a qualified attorney because laws can vary from one state to the next. An attorney should be able to put you at ease and help you make the difficult decisions necessary for your estate plan. The attorney should be able to answer any questions and concerns that you have and will make you feel comfortable discussing your estate plan with them.

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. Your lawyer will keep an eye on your estate plan and ensure it meets all New York state legal requirements. If you don't have a lawyer yet, a good website to use is Rocket Lawyer. Rocket Lawyer's online version will give you basic legal advice and information, but it is not a substitute for an attorney.

A lawyer who specializes in estate planning can help you make a will or other documents to benefit your loved ones. The most important document in an estate plan is a will. Besides a will, a living trust is an asset management tool that allows your beneficiaries to decide how to 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.

An estate planning lawyer can help you create trusts and minimize inheritance taxes. If you have a spouse who dies at age 68, a will can be necessary to avoid estate tax. A new will is required to add a grandchild. This can cost hundreds of dollars in legal fees. Estate planning attorneys can help you avoid probate costs and avoid 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