Taking the time to think about an estate plan is not something only for people who are getting older or who might be gravely ill, it is something everyone should have because no one can know when a person will need one. Having an estate plan is similar to buying insurance. We buy insurance to protect our cars in case of an accident but we don’t really plan to have an accident. Similarly we need to have an estate plan in place even though we may not be planning on passing away or becoming incapacitated anytime soon.
Creating an estate plan is one of the most important things you can do to protect loved ones. A detailed estate plan assures the financial needs of loved ones will not go unmet. An estate plan can also protect family members from fighting over assets and from feeling hurt. When an individual takes the time to plan for the unexpected, it sends the message to family and friends that the testator cared enough to make the plan a priority. The first step is to contact an estate planning attorney who will walk you through the process of protecting your assets and your loved ones.
Getting Legal Help
Working as a team with an estate planning attorney you can create plan which preserves assets, minimizes taxes and protects loved ones. Experienced Estate Planning Attorney Elga Goodman can help you understand your options for estate planning. Call us today at 973-841-5111.
Posted in: Estate Planning, New York Estate Planning