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What are the disadvantages of trust
Estate Planning

What are the disadvantages of trust

Trust Attorney Near Me Disadvantages  The importance of trust in the business world cannot be understated. It is crucial for both organizations and their clients

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2021 Wills and Estate Planning study
Estate Planning

2021 Wills and Estate Planning study

The COVID-19 Pandemic has altered the country’s point of view on numerous things, and home arranging is certainly one of them. Coronavirus has fundamentally expanded

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Alternatives to probate
Estate Planning

Alternatives to probate

For many people the prospect of going through probate can be overwhelming. Probate is a mandated process that takes place after a person has died

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attorney that handles estates
Estate Planning

An attorney that handles estates

Estate attorney that handles estates Estate planning is a complicated and frequently overwhelming challenge for individuals. Attorneys that specialize in property regulation provide precious assistance

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Planning Your Inheritance
Estate Planning

Planning Your Inheritance

When it comes to Estate Planning the first thing you need to do is list all your assets including your estate and figure out with

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Attorney for Wills and Trusts
Estate Planning

Attorney for Wills and Trusts

Estate Planning Even if estate planning is a very predominant term, not everyone is aware of its importance. Estate planning are plans made to distribute

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New York State Probate Rules
Estate Planning

New York State Probate Rules

NYS PROBATE RULES Probate is vital in New York when it comes to assessing your estate plan in its final concerns. It is the interaction

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Creating a suitable estate plan
Estate Planning

How To Find A Good Estate Planner

The possibility of discovering a lawyer to assist you with making your home arrangement may appear to be overwhelming. Be that as it may, on

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Estate Planning if you own a business
Estate Planning

Estate Planning if you own a business

Estate Planning Legal Services For Businesses Your plan might be burdened with an enormous capital additions charge  bill assuming that your business has filled in

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Amy Winehouse’s Estate Plan
Estate Planning

Amy Winehouse’s Estate Plan

Estate arranging isn’t something that you should postpone until you are older. In any case, assuming you bet without a home arrangement when you are

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HOW AN ESTATE PLANNING LAWYER CAN HELP BABY BOOMERS PLAN

Planning for the future is not always an easy task and may have you confused and worried about whether you covered everything. An estate planning lawyer can walk you through the entire process and help you plan for your future and the future of those in your will too. A study conducted in 2013 by HSBC found that US retirees expect to leave a sizable inheritance to their loved ones. The study found that the average inheritance was about $175,000. While money is usually part of an inheritance, it is not the only thing that can be passed down to loved ones. Below, our estate planning lawyer in NYC will discuss some of the considerations baby boomers should keep in mind as they plan.

AN ESTATE PLANNING LAWYER CAN HELP YOU WITH NON-MONEY CONSIDERATIONS

While you will likely pass down your wealth to your family members, there are other considerations you want to keep in mind as you do plan. Below, our estate planning lawyer will go over some of these considerations and why it is beneficial to plan for them NOW.

Health care needs

It should come as no surprise that the cost of health care continues to rise. With that said, it is wise to plan NOW for your health care future.

As you write your will, you can include long-term care costs that will help you reap Medicaid benefits and take care of assisted living or nursing home costs without completely dwindling your bank account.

Family hairlooms

Everyone loves family heirlooms and you would be surprised to find out that most individuals would rather have keepsakes than money.

With that in mind, you want to make sure that personal keepsakes and your heirlooms are distributed the way you want them.

Often, estate attorneys will recommend that you speak with your children or family members and find out which items mean the most to them to help give you an idea of what they would cherish.

Special needs care

If you have a dependent who is special needs or disabled, it is important to have it spelled out clearly in your will what you want to happen such as their future care and assets.

One way to ensure your loved one will be well cared for when you are gone is to setup a special needs trust for them.

CALL OUR ESTATE PLANNING LAWYER IN NYC TODAY

No matter what type of financial situation you find yourself in, it is wise to plan your estate NOW and not wait until later.

At Morgan Legal Group PC, our estate planning lawyer is prepared to work closely with you and will answer any questions you may have.

Our experience and compassion will help you better plan, this way, you can feel confident that your desires and wishes are fulfilled.

Please reach out to us at 212-561-4299 to schedule a consultation today.

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