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How to choose an Estate Planning Attorney
Estate Planning

How to choose an Estate Planning Attorney

Estate Planning Attorney Endowment masterminding legal counselors, similarly implied as space law legal advisors or probate attorneys, are able and approved law specialists with a

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How much is a 1000 bond worth?
Estate Planning

How much is a 1000 bond worth?

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Probate Attorney near me 10036
Estate Planning

Probate Attorney near me 10036

What happens during the probate process? Probate is a method where a will is proven to be legitimate and genuine enough to be accepted and

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Probate
Probate

Probate

Probate: A Comprehensive Guide Probate is a legal process that follows the passing of an individual, during which their assets and properties are distributed among

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Did you know that only about 58% of baby boomers have a will or estate planning documents in place? Trusts and estates planning attorneys recommend that everyone have some type of will or estate documents in place, especially if they have children, are married, or have assets.

Having an estate in place will only benefit you and your loved ones. Without these important documents, your items will be left to the state and dispersed according to the law and court.

Our trained and skilled trusts and estates attorney in NYC is here to help you navigate through the process and provide some essential tips to assist you in creating a trust or estate. If you have any questions for us, give our office a call today at 212-561-4299.

Trusts and Estates: What to Know

Estate planning is essential and can save you and your loved ones from several undesirable outcomes. Below, you will find some trusts and estates planning tips that can assist you as you plan for yours and your loved one’s future.

Get a guardianship plan in place

If you have minor children, you need to have a guardianship plan in place for them. This plan will tell everyone what your wishes are if you were to pass unexpectedly. Basically, this plan will dictate who will raise your children if both parents were to pass.

Assign a medical power of attorney

You want to have a medical power of attorney in place as this individual will step in and make medical decisions if you cannot make them yourself. This document will help avoid any debates and conflict over medical care too

Determine and update beneficiaries

Beneficiaries are those individuals who will receive your assets and wealth when you pass. Therefore, it is important that you assign them to your life insurance accounts, bank accounts, and any other accounts you have.

Assign a financial power of attorney

This is an important document as it allows someone to step in and manage your money if you are unable to do so. One of the nice things about this type of document is that you can limit the individual’s powers as well.

Create a will

It is a good idea to have a will in place as the will determine what happens to any assets or properties that you do not keep in a trust. This means that your home, car, bank accounts, and family heirlooms are covered in this document.

Talk to a Trusts and Estates Attorney Today

Estate planning is an essential part of preparing for the future. While it may be scary and unknown territory to you, our trusts and estates attorney can assist you and walk you through the process.

If you would like to schedule a consultation with Morgan Legal Group PC, do not hesitate to call our office today at 212-561-4299.

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