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 Lyon Mountain, NY

Overview of Estate Planning in Lyon Mountain, 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 Lyon Mountain, NY
Pasternack Tilker Ziegler
369 E 149th St # 10
Bronx, NY 10455
(718) 222-9800
Attorneys Referral & Information Service, Attorneys
Bennett Di Filippo Kurtzhalts
681 Main St
East Aurora, NY 14052
(716) 652-9560
General Practice Attorneys, Attorneys, Legal Service Plans
Phillip J. Jusino & Associates
2780 Middle Country Rd
Lake Grove, NY 11755
(877) 877-9303
Automobile Accident Attorneys
Lance Valdez
375 Park Ave Ste 3707
New York, NY 10152
(800) 660-8989
Attorneys
Ross Richard
559 Gramatan Ave # 209
Mount Vernon, NY 10552
(914) 699-8600
General Practice Attorneys, Attorneys, Legal Service Plans
Vel Belushin
391 E 149th St
Bronx, NY 10455
(888) 392-8557
Attorneys,  Personal Injury Law Attorneys,  Legal Clinics,  General Practice Attorneys
Ciminelli Daniel ESQ
478 Linden Ave
East Aurora, NY 14052
(716) 655-8514
Attorneys, General Practice Attorneys
Total Attorneys - DUI
274130 E 58th St
New York, NY 10155
(646) 741-8468
Attorneys, Legal Service Plans
Priceles Wireless
2861 3rd Ave
Bronx, NY 10455
(347) 758-8245
General Practice Attorneys, Attorneys
Jannuzzi David
13235 Main Rd
Mattituck, NY 11952
(631) 298-8065
General Practice Attorneys, Attorneys
Chen Amy Y
4125 Kissena Blvd # 128
Flushing, NY 11355
(718) 321-8056
Attorneys, General Practice Attorneys, Legal Service Plans
Nyaj Wang Consultants Inc
151 Hempstead TPKE
West Hempstead, NY 11552
(516) 564-7942
Paralegals, Legal Document Assistance
Zev Goldstein PLLC
38 Melnick Dr
Monsey, NY 10952
(845) 356-7770
Criminal Law Attorneys,  DUI & DWI Attorneys,  Landlord & Tenant Attorneys,  Personal Injury Law Att
Brett Margolin
2758 Middle Country Rd Ste 202
Lake Grove, NY 11755
(631) 676-7707
General Practice Attorneys, Attorneys, Legal Service Plans
Paley Roberta
12 Locust Hollow Dr # 12
Monsey, NY 10952
(845) 356-7474
General Practice Attorneys, Attorneys
Potack Frederic B
384 E 149th St # 212
Bronx, NY 10455
(718) 292-7073
General Practice Attorneys, Attorneys
Coleman & Andrews
881 Gerard Ave # 4
Bronx, NY 10452
(718) 590-7000
Attorneys Referral & Information Service, Legal Service Plans, Attorneys
Matkowsky Law
375 Park Avenue Suite 2607
New York, NY 10152
(212) 634-6846
Business Litigation Attorneys, Attorneys, Patent, Trademark & Copyright Law Attorneys
Windmill Appraisals, Inc.
4 Aster Pl
Moriches, NY 11955
(631) 258-6654
Appraisers,  Foreclosure Services,  Financial Services,  Estate Planning Attorneys,  Attorneys,  Rea
Mooney Daniel C Atty
11700 Main Rd
Mattituck, NY 11952
(800) 257-6580
Attorneys
Mitchell R Mass Pc
150 E 58th St # 2702
New York, NY 10155
(212) 247-6100
General Practice Attorneys, Attorneys, Legal Service Plans
Bronx United Svc
405 E 152nd St # A
Bronx, NY 10455
(718) 292-6060
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Trief & Olk
150 E 58th St # 34
New York, NY 10155
(212) 486-6060
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Fairbairn John R III Esq
736 Main St
Margaretville, NY 12455
(845) 586-6055
Civil Litigation & Trial Law Attorneys, Attorneys, Criminal Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US