Some people think that only those who are very established or have a lot of assets should be working with an estate planning attorney. This is very far from the truth as everyone has some sort of estate. There are many things to take into consideration when planning your estate. It is very important that the details are spelled out, otherwise it will be left for probate to work through later. If this happens, there is no way to know that your wishes will be carried out, as a judge will be making the final decisions. Not only that, the deptartment of revenue can end up with a large portion of your estate. There are certain ways to go about planning and a professional can ensure costly mistakes are avoided.
How do I Prepare for my Visit?
When preparing to visit the Estate Planning Attorney in Nassau County NY there are several things that you want to consider before your appointment. Plan to let the attorney know about things that could impact your estate. For example, there has been a second marriage, being the owner a business, owning property in another state or having minor children. Also, plan to discuss substantial assets that are currently in your IRA or 401K.
Why Not Do It Yourself?
There are many forms and books available for an individual to attempt to use in order to plan their estate. Many feel that they will save a few dollars this way by printing some documents from the internet. It is very unfortunate when a family finds out later that all a portion or a of the will, trust or power of attorney isn’t legally valid. Many times, the documents will not work as the person who prepared them had hoped. In the long run, a family can spend thousands of dollars to fix these mistakes after the fact. For this reason, it is best to make sure that it you are working with an Estate Planning Attorney Nassau County NY. This will give you peace of mind and make sure that costly errors are avoided.
State laws are specific when it comes to wills, trusts and power of attorney. Contact Business Name and get started with an Estate Planning Attorney.
