Long Island estate planning attorneys can provide help to individuals who need to make plans for end of life issues and who may need to plan ahead for what will happen to their family and assets after death. It’s commonly believed that estate planning is something you do not have to worry about until you get older so many people wait until they are seniors to make an estate plan. Unfortunately, this can be a mistake because you never know what could happen in life and when you might get sick or hurt.
To make sure you have estate plans in place that provide appropriate protections for you and your loved ones, it is often a good idea to talk with an estate planning attorney even if you are still young and health.
Mark S. Eghrari & Associates, PLLC can provide personalized estate planning advice that is specific to your stage of life and family situation. You should give us a call to find out what Long Island estate planning attorneys can do for you. You can also read on to find out about some of the key individuals who should talk with estate planning attorneys.
You Should Talk with an Estate Planning Lawyer If You Have Family Depending Upon You
If your loved ones need your income or need the services that you provide, you need to make a plan so their quality of life does not decline if something happens to you. This could involve purchasing life insurance and making sure that the insurance transfers appropriately to the right beneficiary. You may also want to use tools like trusts to ensure your loved ones can inherit assets quickly after you pass away.
You Should Talk with an Estate Planning Lawyer If You Have Substantial Assets
If you have a lot of wealth, issues could arise with the management of your money and property in case of your incapacity or death. You need to work with an experienced attorney to ensure that the right people are put in charge of managing your assets in case something happens to you. You should also work with an experienced attorney to create an asset protection plan and to determine if you need to take steps to avoid estate tax.
You Should Talk with an Estate Planning Lawyer If you Want to Provide an Inheritance for Disabled Relatives
If you intend to provide a financial gift for a loved one who has a disability, there is a risk that the assets you provide to your loved one could cause a disqualification from means-tested benefits. An experienced attorney can help with the creation of a special needs trust that ensures an inheritance is managed appropriately and does not cause a loss of benefits like Medicaid.
You Should Talk with an Estate Planning Lawyer If You Have Pets to Care For
Pets end up in shelters regularly because their owners pass away and there is no one to provide them with care. You don’t want your pets to end up homeless because something has happened to you. You should work with an experienced attorney to create a plan for your pets to have a responsible guardian and to make plans to ensure that your pets can be financially provided for if something should happen to you.
You Should Talk with an Estate Planning Lawyer If You’re Concerned About Medical Care Needs
You may have concerns about what kinds of medical care you would receive in an emergency if you don’t want extraordinary measures to be used to keep you alive when your quality of life would be low. You may also want to ensure you don’t force your family to make tough choices about medical care. Long Island estate planning attorneys can assist you in making use of tools like advanced directives to ensure that you specify your preferences in regards to medical care.
Getting Help from Long Island Estate Planning Attorneys
Long Island estate planning attorneys at Mark S. Eghrari & Associates, PLLC can provide personalized one-on-one advice with all of your estate planning needs. We will work with you to discuss your goals for the planning process, to determine what types of tools should be used to create your estate plan and to put a plan in place that is right for you.
To find out how our firm can help with the estate planning process, join us for a free seminar. You can also give us a call at (631) 265-0599 or contact us online at any time to get help making your personalized estate plan.