No single human being likes or wants to think about their death, but as humans, we know it’s inevitably going to happen and we really should do a little preparation for it. Those who are well-to-do make preparations for their estates to protect their assets and their families through trust and estate lawyers, but those who aren’t so well off should take the same preparations no matter how small they think their estates are. There are some benefits to having a trust and your estate in order.
One of the benefits of doing estate planning is so that your possessions go to the intended parties. Most average families, no matter how hard they try, end up fighting about who gets what and what your intentions really were, but with estate planning there is the potential to put a squash to the bickering.
Another benefit to trust and estate planning is that you can help alleviate unnecessary taxes that your loved ones might incur at your demise. Trust and estate lawyers have to keep up with the laws of your state, which includes inheritance taxes, as well as, other taxes and will guide you in this area. They can also help you alleviate extra administration costs.
When talking with trust and estate lawyers for your estate planning, you’ll be expected to assign a power of attorney and organize a will. This is to help manage your property while you are alive and after your death. Since this type of law is vastly growing there has been an increase in attorneys practicing it which can make it difficult to choose the right one for your affairs.
When you’re ready to start estate planning, you’ll want to narrow down your list of trust and estate lawyers to three or four. You’ll want to find those who actually have experience in this area of law to ensure you’re not getting one who is only in it to get paid. Your lawyer should have your best interest at heart and be able to give you the attention you deserve on such a delicate matter.
As you are sorting through the list of trust and estate lawyers in your area, you will also want to check their credentials. You can also ask friends and family if they are familiar with the attorney and check client testimonials.. You will want to compare fees and/or costs of the attorneys as well.
For trust & estate planning services in Forest Hills and throughout Brooklyn, Queens, Nassau and Suffolk counties, call Richard Cary Spivack at 718.544.1000 or contact him online to schedule a free initial consultation.