When you pass away, what will happen to your house? Who will take care of your kids or take over your business? Although you may not want to think about what will happen to your children or your belongings, you need to create an estate plan for you and your family. Otherwise, your family will have to go through a lengthy probate process after your death to address matters such as property inheritance, guardianship, and the settlement of any open debts you leave behind.
The Law Office of Frank Hosein, Jr. can help you create a strong plan that will help protect your assets and your family. With a will or trust, you can detail your wishes and minimize any possible conflict between heirs and other interested parties during the distribution process. Call a qualified estate planning attorney in Brooklyn, the Bronx, Queens, Manhattan, New York, Long Island, and New Jersey and discuss your goals and wishes for your assets, heirlooms, and any designated charitable donations.
With a will, you can distribute property to your heirs, designate guardianship and designate an executor (representative) to oversee the settlement of your estate. Likewise, having a trust can protect your assets from probate, allow your appointed trustees to control the assets included in the trust, and give your loved ones some financial security. Your estate plan will help your family:
Avoid a long, drawn-out probate process
Prevent arguments about who deserves certain items of property
Stay focused on mourning and not on court proceedings
Your family will be thankful you took the time to create an estate plan. Call The Law Office of Frank Hosein, Jr. as soon as possible to speak with an experienced attorney who will help you determine what kind of estate plan is right for you.