What Does an Estate Planning Lawyer Do?

What is an estate planning lawyer? This professional can help you create a comprehensive plan that includes all of your financial assets. This will help your family avoid the costs of probate and the hassle of dealing with an executor. An estate planning lawyer can also help you make changes to your estate plan when necessary. This is especially helpful if your family is moving or changing their financial situation.

An estate planning lawyer can help you protect your assets during your lifetime and after your death. These professionals are experts in the field and will ensure that your estate plan is legally valid. They can also assist you in creating and executing the last testament that outlines your wishes for your estate. 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.

An attorney who specializes in estate planning must pass the state bar exam. 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.

Estate planning involves identifying your goals and values and working with a trusted estate planning attorney. Your lawyer will help create a framework around your goals and values. He will also keep track of your estate plan, making sure that it meets the legal requirements of New York state. Rocket Lawyer is a great website to start a legal practice if you don't yet have one. 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. A will is the most important document to have in your estate plan. A living trust, which is an asset management tool, allows your beneficiaries to make decisions about how you 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. However, estate planning attorneys will help you avoid the cost of probate and avoid the hassle of 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