12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Sparkill, NY

Overview of Estate Planning in Sparkill, NY


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free NY Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free NY Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Sparkill, NY
Duckworth Iii, R Demarest - Meaders Duckworth & Moore
551 5th Ave Suite 1704
New York, NY 10176
(212) 883-9111
Estate Planning Attorneys, Attorneys, Legal Service Plans, Business Law Attorneys, Real Estate Attor
New York Paralegal Group Inc
4400 Nesconset Hwy
Port Jefferson Station, NY 11776
(888) 817-8575
Paralegals
Perlman & Assoc
551 5th Ave
New York, NY 10176
(212) 376-8310
Administrative & Governmental Law Attorneys, Attorneys
Greenberg & Greenberg
3 Sierks Lane
Roslyn, NY 11576
(516) 621-7717
Family Law Attorneys, Adoption Law Attorneys, Legal Service Plans
Kuhn Steven
310 Hallock Ave
Port Jefferson Station, NY 11776
(631) 928-7700
Divorce Attorneys
Steven P. Kuhn
310 Hallock Avenue # 25A
Port Jefferson Station, NY 11776
(631) 928-7700
Legal Service Plans, Divorce Attorneys, Estate Planning Attorneys, Family Law Attorneys, Attorneys
Steiner Bruce D
551 5th Ave
New York, NY 10176
(212) 986-6909
Attorneys, Legal Service Plans
King Matthew A
21 Market St
Potsdam, NY 13676
(315) 265-6740
Attorneys, Legal Service Plans
Rosen Robert
55 Bryant Ave # 300
Roslyn, NY 11576
(516) 626-6606
Insurance Attorneys,  Attorneys,  Personal Injury Law Attorneys,  Legal Service Plans
Chonoles Andrew M
551 5th Ave # 18
New York, NY 10176
(212) 986-6000
Attorneys
Bortnick, Jeffrey S - Kleinberg Kaplan Wolff & Cohen
551 5th Ave
New York, NY 10176
(212) 986-6000
Attorneys,  Tax Attorneys,  Insurance Attorneys,  Estate Planning Attorneys,  Business Law Attorneys
Kleinberg Kaplan Wolff & Cohen
551 5th Ave Ste 18
New York, NY 10176
(212) 986-6000
Attorneys, Tax Attorneys, Business Law Attorneys, Real Estate Attorneys, Patent, Trademark & Copyrig
Gaynor Philip M
551 5th Ave # 222
New York, NY 10176
(212) 661-5667
Attorneys
Williams Law Office
551 5th Ave
New York, NY 10176
(212) 689-4769
General Practice Attorneys, Attorneys
Stein Sharon
551 5th Ave # 28
New York, NY 10176
(212) 697-4500
Attorneys
Cleared Credit Service
4747-28 Nesconset Hwy
Port Jefferson Station, NY 11776
(631) 509-4250
Financial Planners,  Collection Agencies,  Real Estate Agents,  Credit Repair Service,  Bankruptcy L
Matthew Sosnick Law Office
15 Reed Dr
Roslyn, NY 11576
(516) 535-3900
General Practice Attorneys, Attorneys
Cheaptraffictix.com
PO Box 221
Roslyn, NY 11576
(888) 816-3330
Corporation & Partnership Law Attorneys, Attorneys
Mary Ann Dibari Law Office
105 Cross Pond Rd
Pound Ridge, NY 10576
(914) 977-3317
General Practice Attorneys, Attorneys, Legal Service Plans
Leek Jerry C
107 S Canton Rd
Potsdam, NY 13676
(315) 265-2595
Personal Injury Law Attorneys, Attorneys, Criminal Law Attorneys
Blazer Frances E
4444 Peterboro St
Vernon, NY 13476
(315) 829-2525
Real Estate Attorneys, Attorneys, Legal Service Plans
Silver Andrew W
4 Elm St
Potsdam, NY 13676
(315) 265-2264
General Practice Attorneys, Attorneys, Legal Service Plans
Law Offices Albert J
551 5th Ave
New York, NY 10176
(212) 696-1873
General Practice Attorneys, Attorneys, Legal Service Plans
Tierney & Tierney
409 Patchogue Rd
Port Jefferson Station, NY 11776
(631) 928-1444
Divorce Assistance, Attorneys, Family Law Attorneys, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US