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 in Forest Hills 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.
Schedule A Consultation At Our New Forest Hills Office Today:
Law Offices Of Roman Aminov- Forest Hills Estate & Probate Law 118-35 Queens Blvd Forest Hills, NY 11375 (347) 694-8856
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. Call or visit us today at: Law Offices of Roman Aminov 147-17 Union Turnpike Flushing, NY 11367 (347)766-2685 https://www.aminovlaw.com
Probate In Forest Hills 11375
The Law Offices of Roman Aminov assists family members at the time of crisis when they find it very difficult to guide themselves through the probate process of asset collection and distribution. We will deal with the Surrogate’s court and make sure you have a clear and simple understanding of everything you need to do. In the event your family member did not leave a will we will be able to implement the estate administration process for you. Call today and set up an appointment with a Forest Hills Probate Lawyer
Elder Law & Medicaid Planning: Yellowstone & Queens Blvd. Area
Whether you are interested in long term care or asset distribution, we can help guide you through the mazes of elder law. We are experienced in Medicaid asset protection trusts and Medicaid planning.
At the Law Offices of Roman Aminov, patrons looking for a Forest Hills estate lawyer or a will & trusts attorney in the 11375 area are treated with respect and given the time they need to understand what needs to be done in planning for their future.
Aminov Law is proud to offer Forest Hills, NY with the finest estate planning, probate, estate administration, & elder law services.
If you have lost a loved one and are looking for professional and experienced legal guidance, please contact our office to schedule a free consultation.
We invite you to view our Estate Planning You Tube “Webmmercial”
Interesting facts about Forest Hills, NY:
In 1906 Cord Meyer (a lawyer from NY) owned a development company & purchased 600 acres in the section of land called Whitepot. Meyer named the area Forest Hills, as it was adjacent to Forest Park and also the highest point in the area. Cord Meyer Development Co., brought in public utilities and built 340 house north of Queens (then Hoffman) Boulevard.
Law Offices of Roman Aminov 147-17 Union Turnpike Flushing, NY 11367 (347)766-2685 https://www.aminovlaw.com
Estate Planning deals with organizing your assets and liabilities in order to distribute whatever remains to your desired beneficiaries. It is done so that you’re able to give what you want to whom you desire with the minimal amount of taxes, legal fees, and time involved.
Here are four steps involved when elder law attorneys assist elders in their estate planning:
A Guide To Assist Local Seniors In Estate Planning
In this step, family members are listed and the way they interact with each must be accounted for. Several questions are asked, for example:
- Is the client married or divorced? Are they in their second marriage?
- Does the client have any children? From previous or current marriages?
- Do the family members get along with each other?
- Who in the family works?
- How would you like the estate to be divided?
These questions help in making guiding decisions for who would be responsible for legal, financial, or medical matters. It also helps to see if there will be potential for disputes, misunderstandings, or conflicts of interest.
Step 2: Evaluating current estate planning documents
Any documents that the client already has must be reviewed. This can include previously drafted wills, health care proxies, power of attorney, living wills, or any other related documents. Your Forest Hills Probate Lawyer need to be very meticulous regarding these documents. This is to check if they are legally valid and if there are any changes that need to be made to them.
Step 3: Organizing the client’s assets
It is necessary to compile and organize all the assets the client owns. This includes titles of properties, bank accounts, IRA’s and 401(k)’s, jewelry, priceless art, and collections. The value of these assets, how they are titled (sole or joint ownership), and if the investments are designated to a beneficiary, all need to be noted. With this information, a lawyer can determine ways to reduce or eliminate taxes as much as the law allows for.
Step 4: Developing the estate plan
With the desires of the client in mind, an attorney will assist in assigning people who will have roles in their estate plan. This includes assigning a person to make medical decisions for the client if they are unable to express it themselves, assigning those who will need to make legal decisions, and someone to take care of financial affairs through power of attorney in case the client lacks the capacity to do so. If a trust is used, trustees and an executor need to be designated. Distribution is assigned, potential conflicts prepared for, and the plan is put into place
Preparing an estate plan can be quite nerve-wracking for some elders. Some people delay it because they may see it as the end of their life and it’s something they avoid until it may be too late. It may be easier to think of estate planning as your desired intentions being written and carried out so that your loved ones needn’t go through unnecessary hardship after your death. If you want to make sure your retirement goes smoothly and is carried out efficiently, consult an elder law attorney as soon as you can.