It’s never too early or too late to plan for the future. You might be thinking about when to start estate planning. You might feel you don’t need an estate plan right now, you’re too young or you don’t have enough assets. You need to think again. It’s very important for people age notwithstanding to put together an estate plan that will fit their needs from a very simple plan tailored for a 30 year old to a full funded trust plan meant for a 60 year old. Contrary to popular believe, estate planning is not only meant for the rich, retired or business owner. If you die without an estate plan, you have died intestate which means your estate will be distributed according to your state’s law of intestacy. Estate planning can be very complex but with a well-stated estate plan, it can be the big difference in what your loved ones get. Our estate planning lawyers will help you through the complex process of how estate planning works, what estate planning documents you need and help you understand the options available to you and the implications of those options. From the creation of a trust, or several trusts to tax planning to avoid or minimize taxes, we ensure that our client’s will is well-updated and contains all the necessary documents like a will, power of attorney and health care proxy. We provide comprehensive estate planning support, legal assistant and advice to clients across New York and Georgia. Contact our estate planning attorneys today for a free consultation.
A trust is a legal document in which a person known as the trustee manages the assets of another party. A trust is mostly used for the purpose of transferring wealth to heirs or to charity organizations in some cases. We offer many trust planning services including Testamentary Trusts, Revocable Living Trusts, Irrevocable and Special Need Trust. Our trust planning attorneys will ensure that setting up your trust plan is done concisely and stress-free. Contact our estate/trust lawyer now to get started.
A durable power of attorney is a very important and probably the most crucial part of any estate plan. It is basically a legal document where you give a party known as the agent the authority to carry out specific activities that is in the document on your behalf when you are incapable of doing those activities anymore either due to incapacitation or due to illness like dementia. Some of the responsibility the agent will have is ensuring that your normal daily finances are taken care of and that the medical bills and personal are made available to you and you loved ones in your period of incapacitation. Choosing an agent as your durable power of attorney is a very critical and sensitive moment as you need someone you can trust to have your best interest in mind. Our estate planning lawyers are very well capable and can act as your agent in durable power of attorney or power of attorney. Some of the activities our attorneys who act as your behalf will be to manage financial matters like filing taxes, selling properties, depositing or cashing a cheque. You can contact us today to discuss your power of attorney or durable power of attorney options. By choosing an agent for your durable power of attorney you save you love ones from the hassles and cost of filing for conservatorship or guardianship when you are incapacitated or deemed incompetent.
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