Posted On: July 8th 2016
In the event of a tragic incident, having a plan in place is the best option.
Losing a family member can be an incredibly stressful time, which can be increased when the deceased has not left behind a plan for their passing and estate. The attentive and experienced team at Schwartz, Fang & Keating, P.C, based on Long Island, concentrates specifically in assisting in the estate planning process, including living wills and corresponding documents, which will assist family members make the appropriate arrangements in the event of an unfortunate circumstance. In an effort to prevent additional adversity to family in an already present time of grief, our firm encourages individuals to organize and prepare their affairs and estates early in life.
The fact of the matter is that everyone has an estate, regardless of size, making everyone in need of an estate planner. Utilizing a firm, like Schwartz, Fang & Keating, P.C, who specialize in estate law, will be an unparalleled resource when creating your personalized estate plan. These plans will dictate what becomes of your family and assets in the event of your passing, including who you choose to raise your children, how life insurance is managed and your wishes for division of assets. Your customized estate plan helps guarantee that your wishes are carried out in exactly the way you prefer. Working with an estate planning firm will also provide you with legal expertise in regard to tax liabilities and potential complications and costs in conjunction with end of life. By working with an estate lawyer, you are providing your loved ones with additional support and guidance in an already trying time, when decision making is nerve-racking and seems near-impossible.
Basic estate plans will be comprised of a Last Will and Testament, Health Care Power of Attorney, a Living Will, Durable Power of Attorney, and in some situations, a Trust. Having each of these documents in place guarantees that your estate plan is irrefutable. The Last Will and Testament permits the transfer of assets to your loved ones without probate, which is one of the most crucial elements of estate planning, as it has the ability to save your familly time, money and the possibility of lengthy court proceedings.
While it can be unpleasant or difficult to begin planning your estate, the capable and knowledgeable lawyers at Schwartz, Fang & Keating, P.C. recommend starting earlier, in lieu of later in life. Our firm provides you and your family with honest counsel and step-by-step explanations of each aspect of planning. Each of our clients will be comfortable and confident that they have the very best customized estate plan in place for their family.