You may be fairly confident you know what will happen to your property after your death, especially if you've already expressed your wishes to your family members. Unfortunately, without a will, those intentions are not legally enforceable, and the state will divide and distribute your assets without regard to the actual relationships that mattered most to you. Stephen B. Kaufman, P.C., a Bronx lawyer and legal advocate, recommends consulting with an experienced estate attorney to protect both your property and your loved ones' inheritances.
An estate attorney provides valuable guidance, helping you identify all of the assets that must be distributed after your death. They will also aid you in preparing a will that carefully describes where each of them should go. Many people overlook valuable parts of their estates, such as retirement accounts and vehicles, when attempting to prepare a will on their own. Other problems are also caused by vague wording, which your lawyer will be able to avoid.
Not only can your estate attorney help you prepare your legal documents, they will also work to preserve your estate to save your beneficiaries money. In many cases, probate costs will consume a significant portion of your assets before your loved ones receive anything. Depending on your financial situation and the types of assets you possess, an experienced estate attorney like Stephen B. Kaufman will recommend and establish trusts and other vehicles that make the inheritance process much faster and less expensive. For some estates, a trust can help achieve a very substantial savings.
For over 40 years, Stephen B. Kaufman, P.C. has been representing the people of the Bronx in a variety of legal situations, from personal injury cases to estate and inheritance matters. He provides free consultations to all potential clients, so visit his website or call (718) 822-0500 for assistance setting up a comprehensive estate plan today.