Everyone, not just the wealthy, needs an estate plan. Whatever your present financial situation, you should have an estate plan in place to ensure your loved ones are provided for after your death.
Estate planning is especially crucial if you have dependent minor or differently-abled children, or elderly parents who depend on your income. With careful preparation, you may give your loved ones the security they deserve and work out the following concerns:
- The value you bring to the table
- The distribution of your assets upon death
- Who do you choose as a legal guardian for your minor children
- How you would like your assets to be handled
- Whom to entrust with carrying out your will
However, you might end up disappointed if you believe you can do this independently. It’s just not a good idea; it might have severe consequences for you and your loved ones.
Here’s why you need the help of an estate law attorney in Queens:
They Provide Legal Counsel Regarding the Naming of Assets
The truth is, your will doesn’t necessarily protect all your possessions. Property ownership, retirement account beneficiary designations, and life insurance policies should all be spelled out in detail. If you don’t, they’ll be deemed independent.
A lawyer specializing in estate planning may evaluate your possessions and advise you on how to title them properly. You can consult our estate lawyer in Jamaica, NY, for more information. Changing beneficiary designations is another service they provide. This is useful for future processes that require time and money.
They Draft Professional Documents
To add to the benefits of using an estate planning firm, you can rest easy knowing that your documentation will be flawless and adequately produced. They will handle all the paperwork and applications and perform a perfect job at it.
Consult with our Queens Estate lawyer, who will tailor your paperwork to your unique needs and objectives. Without you having to lift a finger, they will take care of all the paperwork ahead of you, including arranging for witnesses and notary signatures.
They Can Make Amendments On Time
Having an estate plan in place is only the first step; it must be regularly updated. Wills, trusts, and other estate plans all require regular updating to account for life’s unexpected twists and turns. To ensure the material remains relevant, this step is essential.
If your circumstances change, such as when you decide to move, or your family has a financial loss or an unexpected windfall, you should revise your will or plan to reflect on the new situation.
Trust Ledwidge & Associates, P.C. to handle all your concerns regarding estate planning Manhattan, Queens, or Brooklyn.
If you require an Estate lawyer in Queens, long island probate lawyer, or a Real Property Law firm in Manhattan, you can reach out to us for help.
Ledwidge & Associates
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