When creating an estate plan, most individuals are advised to use the services of an attorney who specializes in estate law. The needs and situation of everyone differ, and an Estate Planning Attorney Glen Cove NY can help one arrive at the best possible option. The following are some of the benefits of engaging the services of an estate law attorney.
Understanding the Probate Process
Estate planning lawyers, who are also referred to as probate attorneys, are licensed and experienced professionals who have a thorough understanding of federal and state laws. These laws greatly influence how one’s estate can be valued, inventoried, taxed, and dispersed after death.
Legal Enforceability
Experienced lawyers who specialize in estate law are usually very knowledgeable and up-to-date regarding the current laws of estate planning. The decisions and actions such a lawyer will advise are sure to be in accordance with these laws. It also ensures the wishes of the deceased will be duly carried out.
Ease of Planning
Estate laws are complex and a bit obscure, and this make estate planning a very challenging and time-consuming task. When an individual engages the services of an Estate Planning Attorney Glen Cove NY, it simplifies the entire process and makes things much easier and less time-consuming.
Valuable Resource
The attorney can be used as a resource to sound out opinions and ask questions regarding estate law. Any updates and changes to one’s will first be examined by the attorney to ensure that it complies with the law.
Other Services
In addition to helping people understand the probate process, these lawyers also perform the following tasks
- Designating the beneficiaries of the estate
- Creating a will
- Finding a legal means of reducing estate tax or even avoiding it entirely
- Looking for means to avoid the onerous process of probate court
- Establishing the durable medical power of attorney
The setting up of trusts that one may need for asset protection. This can be done during one’s lifetime, in the case of incapacity, or for the beneficiaries after one’s death.
Individuals looking for an experienced Estate Planning Attorney should visit Business Name in Glen Cove NY. They are well versed in estate planning laws and can help one achieve the desired outcome.
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