Ways An Estate Lawyer In New York Can Help You Plan Your Estate

by | Jul 2, 2024 | Legal

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If you are looking to get your affairs in order, you may want to consider using an estate lawyer in New York. Estate planning can be a complicated process, especially when you have acquired a large amount of assets over your lifetime. There are a few matters of the estate a lawyer can help you fully understand so your final wishes can be executed as desired. Here are a few ways an estate lawyer can help you when planning an estate.
Your estate lawyer in New York may be able to help you draft a last will and testament. A last will and testament is something that is necessary to ensure your last wishes are well taken care of. One of the main reasons for a last will and testament is to disperse your assets, belongings and debts. For example, if you leave behind family and loved ones they can be beneficiaries in the will and you may give them your possessions. Assets that are often included in a last will and testament are things like properties and homes. If you own a house you can choose to do with it what you want, like leaving it to a specific individual. You can choose to have the house liquidated and put the funds towards other things such as a charity or a grandchild’s college fund. When you appoint an executor of your last will and testament it is his or her job to make sure your wishes are completed to your document’s specifications.
Second, an estate lawyer in New York can help you properly appoint an executor and a trustee for your last will and testament. Your executor’s main task is to make sure your will is carried out as per instructed. He or she may be there to make sure all of your volitions are completed down to the last detail. For example, if you wish to leave a family heirloom to one of your children, you can specify that in your estate document of your last testament. Your executor’s duty would be to make sure that individual receives the heirloom. Also, your estate lawyer in New York can assist you in appointing a trustee who can manage your assets and may hold the legal titles to your different properties.