A Long Island estate planning attorney provides help in preparing for the future. Many people wait too long to get legal help and do not talk with an estate planning attorney until they have made mistakes in estate planning. In some cases, people who would benefit from getting help from an attorney end up putting it off so long that it is too late. You do not want this to happen to you. It is important for you to get appropriate legal help when you find yourself facing certain life circumstances so you can ensure you put protections in place for you and the people you love.
Eghrari Wealth Training Law Firm can provide you with comprehensive assistance with all your estate planning needs. We help you to make the specific plans appropriate to your current phase of life so you are prepared for both good and bad things that can occur as you get older and grow your family. Give us a call to find out more about how a Long Island estate planning attorney can assist you.
Four Signs it is Time to Talk to a Long Island Estate Planning Attorney
Virtually everyone needs to have an estate plan in place, whether your plan focuses on retirement, end-of-life issues, caring for kids, or building a strong legacy. However, there are certain situations where it is especially important to talk with a Long Island estate planning attorney so you can make sure you are have important protections in place.
Four key signs that it is time to talk with an estate planning lawyer include the following:
- You have gotten married or divorced: A marriage or divorce are both major changes to your life. Your marriage or divorce can affect lots of different things, from who you want to leave money for, to how much you must save for retirement, to who you want to put in charge of making your decisions and managing your affairs if you get hurt or sick. You need to talk with an experienced attorney about making an estate plan when you enter into or end a marriage so you can protect your spouse and ensure you have the right plans in place for a secure future.
- You have acquired or sold substantial assets: When you own property or assets, you want to make an asset protection plan to keep your wealth safe and secure. You also need to determine how the assets will be passed on in case something happens to you. Do not assume that just because you are young, you have a lot of time to determine who will inherit your assets and to provide instructions on this issue. Be sure you control who inherits the wealth you have worked so hard to acquire by making an estate plan before it is too late.
- You have had a child: When you have a child, you must ensure you have made plans so the child is always going to be cared for even in the event that something happens to you and to the child’s other parent. You want to provide financially for the child and also select an appropriate guardian. This means you need to offer instructions for who should care for the child. You also need to appropriately structure an inheritance, as a child under 18 cannot inherit directly and you may not want your child to just receive a lot of money with no strings attached on his or her 18th birthday.
- You have been diagnosed with an illness: If you have been diagnosed with a serious illness, you need to get your affairs in order. You want to take control over medical decisions in case you cannot communicate your preferences in the future and you want to put your legacy plan in place.
In these and many other situations, a Long Island estate planning attorney can help you to make effective use of legal tools to make a plan that works for you.
Getting Help from A Long Island Estate Planning Attorney
Eghrari Wealth Training Law Firm provides the personalized help you need in order to ensure that you have an estate plan in place that is appropriate for your life situation. We will work with you to use the legal tools you need to create the right plan for you and your loved ones.
To find out more about what is involved in the estate planning process, download our estate planning checklist. You can also give us a call at (631) 265-0599 or contact us online to get started on your personalized estate plan. Do not wait until it is too late for you to maximize the benefits of making a comprehensive estate plan.