Estate planning is an important topic and one which can be overwhelming to a person who is unfamiliar with the area of law. A third party legal representative can often eliminate some of the conflicts which would otherwise be present in settling an estate. Planning the estate correctly ensures that the wishes of the individual are carried out. It also ensures that the actions which are planned are recorded in a legal manner.
Making plans for the estate include several stages during the lifetime. A younger person may be looking for tips about asset protection. Social security, property distribution after death, retirement, long-term care and Medicaid. The items should be reviewed throughout the preparation of the estate plan and regularly reviewed to take care of any changes.
Other elements of estate planning include the last will and testament, trusts, a durable power of attorney, a living will and guardianship issues. Some of these are covered in the will. Choosing an executor to handle the management of the property following the death of the principal. A guardian may be appointed in the will to take care of the care of minor children or another person under the care of the client. The legal representative will work with clients to ensure that all of the factors are considered.
Contact Info:
Name: Kamilla Mishiyeva, Esq.
Email: Send Email
Organization: Mishiyeva Law, PLLC
Address: 85 Broad Street 18th Floor, New York NY 10004.
Phone: (646) 535-1667
Website: http://nyprobatelaw.blogspot.com
Release ID: 107419