Building a lasting estate plan allows you to choose how your legacy lives on, thus determining how your loved ones will be taken care of in the future. Many people associate an estate plan with wills and trusts, but it is actually much more than that. It is the process of making the future of your belongings clearly known – and creating a legally binding plan to do so.
Establishing an estate plan that suits your particular wishes can seem like a daunting task, but with the oversight of a legal professional, it is actually much simpler than one might imagine. By working with an attorney that specializes in these matters, you will have the resources available to establish your intentions, and make a legal plan to put these plans into motion.
At C. Haner Law, PLLC, we are pleased to provide our Plainview, NY clients with upstanding estate planning services. With years of experience, we know what it takes to set up an estate plan from start to finish. This means working one on one with our clients to ensure that their needs are being met – and giving them the tools they need to make informed decisions about the future of their estate.
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An estate plan is the preparation of tasks that serve to manage your asset base in the event of your incapacitation or death. This includes the distribution of your assets to beneficiaries and the settlement of estate taxes.
Determining how your assets will be preserved, managed, and distributed following your death incapacitation is an elaborate legal process that should be overseen by a legal expert. Given the complexity of most estate planning documents, it is helpful to have the knowledge of an attorney by your side to help you complete the process correctly and efficiently.
Knowing how you want your assets to be managed is the first step in the estate planning process. Once you are able to determine your goals, an attorney will be an integral part of bringing them to life. Whether you choose to set up a trust or a will, having the resources that an attorney can offer will make the process understandable and trouble-free.
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Understanding the difference between a will and a trust will play a major role in how you proceed with your estate planning proceedings. Wills are the most well-known estate planning tool, as they are used to ensure inheritances pass smoothly between spouses and children.
In addition to this, wills have the ability to nominate guardians for minor and/or disabled children, ensure the fair distribution of assets for blended families, and help with asset protection for young or troubled beneficiaries. Wills and estate planning as a whole are important legal proceedings that are extremely unique to each person, and must be handled on an individual basis.
Trusts are similar to wills in that they ensure the distribution of assets. However, unlike wills, trusts are generally not subject to court review and oversight – meaning that they have the ability to avoid probate. Additionally, trusts are oftentimes used as a tool for asset protection planning and Medicaid planning during life.
In the event that a trust is challenged in any way, it is important to work with a trust litigation lawyer to ensure that the matter is resolved smoothly and in a timely manner.
Our firm is pleased to offer over 8 years of experience to those wishing to establish a lasting estate plan in New York State.
Whether you are in need of a lawyer for creating wills or trusts, C. Haner Law, PLLC has you covered. Given our dedication to client care, we work tirelessly to ensure that each estate plan we manage gets the intentional effort it deserves.
Your estate plan is your legacy, and it needs to be treated with the utmost care. At C. Haner Law, PLLC, you can be sure that we will stand with you every step of the way to help you come up with an estate plan that lasts for generations.
Thinking of setting up an estate plan in Plainview, NY? Call C. Haner Law, PLLC today to get started with an initial consultation!
7600 Jericho Turnpike, Suite 301
Woodbury, NY 11797
Phone: (516) 888-5381
Monday - Friday: 9:30am to 7:00pm
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