415 Madison Avenue, 14th Floor, Suite 1455A, New York, New York, 10017, United States
Phone: (646) 630 8683
Established January 2020
Mortality
is a grim but stubborn fact of human life. You cannot live forever, and it is
important to create a document, a plan, a set of instructions that distributes
and disposes of your capital in the way that accords with your wishes. You do
not have to be amongst the wealthiest class of persons to engage in estate
planning. If you have accumulated capital, assets, and property that are of
some value, and you wish different portions to go to particular family members,
friends, and independent institutions, then you should start thinking
specifically about who should get what.
You may still be relatively
young and vigorous, or you may be getting on in years and nearing retirement.
No matter your age or physical condition, you never know when illness or
accident might incapacitate or kill you. If you have accumulated the kinds of
assets discussed above, then you should sit down with a lawyer and start
developing an estate plan.
If you already have a
lawyer that you consider a confidant, then you should speak with them about
your desire to put an estate plan in place. Such legal documents should be
drawn up by a specialist, and your family counsel can help you choose one.
An estate planning lawyer
will prevent your money, capital, and business interests from going to probate
court when you are gone. They will also draw up a will, trusts, and powers of
attorney. Issues involving a second marriage, multiple businesses, multi-state
and multi-nation real estate holdings, step children, problem children, charity
bequests, IRAs and 401(k)s, and estate taxes can all be sorted through with the
help of a qualified estate planning attorney.
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