The holidays are right around the corner, and no matter which one you celebrate, there is one gift that will mean the world to your loved ones: An estate plan.
Let's start with a will. You need to plan for your future and your family's future. A will allows you to choose individuals or organizations to inherit your property, name a guardian for your minor children or special needs family members, name someone to manage the property left to minor children until they are of age, and name an executor to administer your will after you die.
If you would like to avoid the time and expense of probate, establish a trust. A trust, whether its revocable or irrevocable, if properly prepared and funded, allows your estate to be seamlessly managed. When you create a trust, make sure you name a successor trustee who can administer your estate based on your wishes. There are a variety of trusts to choose from and the team at Steven Adler Law Offices can help you decide which is right for you.
Finally, whether you chose a will or trust, be sure you have completed your power of attorney and health care proxy, which Steven Adler will prepare at no extra charge. That way, if you become incapacitated, you will have trusted family members or friends ready to make medical and financial decisions for you.
This year, give your loved ones the best gift ever: Peace of mind.
Call estate planning attorney Steven Adler at (516) 740-1184 today or visit us online.