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Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out of 10 Americans currently have an estate plan which refers to the fact that a lot of people are ignoring the importance of Estate Planning. Believe it, everyone including people who own a car, have furniture, own a home, have saving accounts, possess life insurance, and have a few investments should think about Estate Planning. If you have already thought about it then in that case, an Estate Planning Lawyer in Brooklyn can come in handy. Estate Planning Brooklyn It doesn’t matter if you have modest or large property Estate Planning is required. Let’s say
A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults in the US think that having a will is good but only 46% of adults have one. You can see a large number of people are still avoiding estate planning even though they know the benefits it brings. However, if you are confused about having an estate plan for yourself then we will try to explain why you need it. First of all, you need to forget the myth, “Estate planning is only for rich people” because it isn’t. We have seen a report which suggested that young people or the millennial’s are being attracted
Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so are the assets they have accumulated, this means each estate plan should be custom tailored. Among the different kinds of estate plans, trusts tend to be one of the common factors, and you will find that there are many different kinds of the trusts to fit different requirements when it comes to estate planning. One such popular kind of Trust is the Revocable Trust. What is Revocable Trust? A revocable trust is one kind of agreement that indicates how the property of a person can be managed and distributed in their life or after they
It doesn’t matter if you are planning to get married, a newly married couple or have been married for the years you need an estate plan. You need to understand that things change when you get married and you need to be a bit more careful now. Marriage is a very big responsibility and we know that every person wants only the best, for his or her spouse. If you are newly married then you must understand that estate planning will give you a lot of benefits from the start. Also, the couples who have been married for the years should also enroll themselves in estate planning. First of all, forget the old misconception that you don’t need an estate
Estate planning is a good choice if you own a business and if you are worried about the future of it. A lot of people have been thinking about estate planning for a long time but they haven’t jumped on it. There is no rush but you must plan your estate if you own a business and want the future security of it. Also, an estate plan comes with a lot of benefits for a business owner so if you are a business owner then it can be helpful for you. We strongly advise all the business owners to go with estate planning for your business as it is very important. You have spent your whole life to build a