It is vital for every person, especially individuals with families, to know what is going to happen to their children, spouse, and assets after their eventual passing. It is just as important to avoid any unnecessary fees and taxes. A free consultation with an estate planning attorney to review your current financial, familial, and health situation is the first step towards gaining clarity in understanding who will watch over your minor children, how you will be buried, and how your assets will be distributed after your passing.
At The Law Offices of Roman Aminov, we work together with you and your advisers (financial, tax, etc) to analyze your current situation. We then develop a custom tailored and comprehensive estate plan which may include a last will and testament, a durable power of attorney, a health care proxy, testamentary trusts, a living trust, an irrevocable trust, and other transfer techniques designed to effectuate your wishes while saving estate taxes. We also look at your health care situation and advise you if an a Medicaid Asset Protection Trust is right for you. We professionally and diligently execute the proper documents and advise you on how to notify executors, trustees, and potential legal guardians.
The Importance Of Probate And Why You Should Hire An Attorney
Probate is the legal process that occurs when a person has passed away. It is the beginning of a string of legal procedures to administer the estate of a deceased person, resolving claims to their estate, settling liabilities, and distributing their remaining assets to their rightful heirs. The process can also refer to the validation or invalidation of a person’s last will and testament.
When an individual dies intestate (without leaving a will) somebody needs to manage the assets and liabilities of that person. Beneficiaries could seek help from a probate lawyer to make sense of the process involved with distributing the estate of a person.
The lack of a properly drafted legal will makes it almost impossible for the deceased to distribute their assets in accordance to their desires. There are times when the intended heirs are unable to receive their rightful inheritance. To avoid these complicated matters, a legally valid will should be prepared way in advance. If due to unfortunate circumstances this was not possible, the beneficiaries of an estate can still seek assistance from probate lawyer so they can go to court to file a claim on the estate.
Probate laws vary by state. Probates are usually only conducted when there is a significant amount of money or assets on the line. One state may have different standards to determine whether the value of an estate warrants a probate hearing. Before seeking a probate, it is advisable to consult a local probate lawyer first.
The process of probate can happen when:
- A person dies intestate (with no will)
- A person dies with a will but it is not legally valid and therefore not recognized by the court
- A person dies with a will but there is a dispute among the beneficiaries regarding the contents of the will
- The assets of the deceased are jointly-owned
- The deceased did not designate beneficiaries for their assets
- The deceased left behind some debts and liabilities that need to be settled
If a probate is established, the process of estate administration can finally commence. The process involves sorting the affairs of the deceased in order to settle their liabilities and distribute the remaining assets to the rightful heirs.
By hiring a lawyer to assist in managing your affairs before you pass away, you can ensure that your wealth and assets are delivered to the rightful beneficiaries. Even if you were able to draft a will, it would still be subject to legal processes. These errors can extend the probate process, incurring additional costs to your loved ones. Beneficiaries who receive large sums of money will be subject to estate taxes. Such things should be accounted for when preparing a will to distribute assets to your heirs.
The probate process is very time-consuming and complicated. Without settling the legal matters first, you will not be able to acquire your inheritance. It is highly recommended to hire a probate lawyer to represent your best interest in the court.
The Probate Process In Flushing
When a family member passes away a person can really get disoriented trying to figure out what happens to their loved one assets. The Law Office Of Roman Aminov located in Flushing NY will help you get through every step of the process. From dealing with the courts and handling the last will and testament process to making sure all the funds go to the right family members, we do it all. In the five boroughs it can occur that the deceased did not leave a will before their passing. This process is also knows as the estate administration process, a process that the Law Offices Of Roman Aminov can help you with. Get immediate help now and set up a consultation with our estate lawyer in Flushing, NY. We will help you plan your future the right way.
Living in Flushing NY is not as cheap as it used to be. Real estate and the general cost of living has risen tremendously over the last decade making it absolutely vital for the elderly to plan their future in terms of healthcare and asset distribution. Whether you are concerned about nursing home plans for the future or just worried that your assets will fall into the wrong hands, the Law Offices of Roman Aminov is here to help.
Law Offices of Roman Aminov is proud to offer Flushing, NY with the finest estate planning, probate, estate administration, & elder law services. We invite you to set up a meeting with our Flushing Probate Attorney now.
For a free consultation to discuss your estate planning needs, please contact The Law Offices of Roman Aminov at (347)ROMAN-85 or by clicking here.
Some really interesting lawyer facts about Flushing, NY
The average salary for Prosecutor Attorney in Flushing, New York is $56,815. If you were to work as a Prosecutor Attorney in Flushing, New York you could expect a starting salary of $46,789. You could expect to make a salary of around $66,842 after some time.
The Law Offices of Roman Aminov is located in central Flushing making it easily accessible for residents living in the 11354 area as well as the 11352 and 11355. Visit us or call us today.