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New York Estate Planning Attorney Serving the BROOKLYN, NY and surrounding NYC METRO AREAS
New York Estate Planning Overview
Estate Planning process involves family members, other individuals and any charitable organizations of your preference. Estate planning also involves your assets and all the various forms of ownership and title that those assets might possibly take.
Contact a New York Estate Planning Attorney for your legal rights.
If you are unable to care for yourself, estate planning deals with your wellbeing and needs if individuals are not able to address for their own health. Estate planning is not simply writing the will, like most people would think. As you will observe estate planning can involve financial, tax, medical, and business planning.
What is your Estate?
All of the property or interest in the property that you own consists of your estate. Bank account, real estate, furniture, stocks and bonds, jewelry are all examples of assets in your name and your estate.
You might also hold assets in several forms of title other than in your name alone. Joint tenancy is a regular form of ownership which takes assets away from control by will or living trust. Beneficiary designations on securities accounts and bank accounts are alternatives which must be carefully considered as well. Finally, assets which have beneficiary designations, such as life insurance, IRAs, qualified retirement plans and some annuities are very important parts of your estate which require careful coordination with your other assets in budding your estate plan.
Contact a New York Estate Planning Attorney for questions about legal options
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