Estate planning can be a difficult and challenging responsibility. Working with an experienced estate planning professional can mean the difference between a plan that causes more harm than good and a solid one that works effectively for you and your family.
When Should I Begin Estate Planning?
Most people assume estate planning is something done later in life. However Estate Planning is actually important for anyone over the age of 18. Estate Planning includes advance directives for emergencies, which can happen at any time in your life. Estate Planning also helps you maximize the benefits available throughout your entire life, including tax savings and asset protection.
The attorneys at the Long Island law firm of Harms & Harrigan, LLP can help you not only create a Last Will and Testament, but can also help you establish a Living Trust, a Business Successor Plan, draft a Power of Attorney, Health Care Directives, and develop a plan for Guardianship of your minor children – should the unexpected occur after you are a parent.
The attorneys at Harms & Harrigan, LLP are well-versed in the most up-to-date laws related to New York estate planning. They will discuss your unique financial situation and family arrangement and create a plan that is tailor-made for your circumstances. We know it can be uncomfortable sharing intimate details about your life and your family, so we do everything we can to put you at ease and meet your expectations.
Do I Need to Work with an Estate Planning Attorney?
Every family is unique. Therefore, an estate plan designed for you or your family should also be unique. Whether you or your family have special circumstances or not, you should work with an attorney to develop an estate plan. The attorneys at Harms & Harrigan, LLP can review your portfolio and discuss which assets are probate and non-probate assets. They can help develop strategies for children or family members with special needs including limiting the amount of money they will have access to at any point in time.
Working with an estate planning law firm also gives you something above and beyond basic guidance, peace of mind. Working with an experienced estate planning attorney ensures your family is protected long-term and your wishes are honored, even after you are no longer able to oversee your estate.
If you would like to know more or you are ready to discuss estate planning with an experienced attorney, contact the law firm of Harms & Harrigan, LLP.