Estate Planning consists of the anticipation and different arrangements through legal documents for a person’s property and assets to be managed, distributed, split and gifted upon the person’s death or upon a certain event, such as an incapacity to make sound decisions. Usually, Estate planning will be used to make decisions in advance in case you become incapacitated or unable to express your will but it can also serve to legally and lawfully reduce your estate taxes and other estate expenses. The process of planning in advance the way your assets will be distributed upon your death requires the help of a highly experienced attorney in Elder Law. The attorney you will chose to draft your Estate Planning documents will help you determine what constitutes your assets and property, the way you want to distribute them, who you would like to distribute your assets to and how to achieve your personal objectives estate-wise.

Estate Planning can be implemented through various means: You may want to have a Last Will and Testament drafted for you to set the way your property will be distributed and to whom it will be distributed. You also may ask for a Trust to be set for you in order to achieve specific purposes such as distribute funds for the benefit of your minor children or disabled loved ones in case you would pass. Additionally, estate planning can be done through the drafting of documents giving authority to a nominated person to make certain decisions for you, in case you would no longer be able to: For example, an attorney can prepare a Power of Attorney or Healthcare proxy for you.

The purpose of estate planning is to tailor your legal documents and tools to your specific and individual needs in order to get the best from your Estate upon your death or incapacity.

Estate Planning Attorney Buffalo NY
Estate Planning Attorney

Estate Planning Attorney Buffalo NY

An estate planning attorney can mean the difference between a problematic estate plan and one that makes life easy for the surviving family. You do not want your family to…

Continue Reading Estate Planning Attorney Buffalo NY
Elder Lawyer Buffalo NY
Elder Lawyer

Elder Lawyer Buffalo NY

Senior citizens in Buffalo are faced with issues such as possible incapacitation, long term care, nursing home, managing their estate through all these, and disbursing it to their chosen beneficiaries…

Continue Reading Elder Lawyer Buffalo NY
Probate Long Island
Probate

Probate Long Island

When you write a will, it remains inactive until you pass away. And when that happens, your will has to be taken to court before your named executor can be…

Continue Reading Probate Long Island
Estate planning lawyer Long Island
Estate planning

Estate planning lawyer Long Island

Many people think estate planning is only for the old and high-net worth. But it is actually for everyone. Estate planning involves planning for the management of your assets during…

Continue Reading Estate planning lawyer Long Island
Estate Planning Attorney Long Island
Estate Planning Attorney

Estate Planning Attorney Long Island

Estate planning is more than just planning for the distribution of your possessions when you pass away. You have to make plans for how these assets will be managed when…

Continue Reading Estate Planning Attorney Long Island