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New York estate planning lawyer Yana Feldman (https://yanafeldmanlaw.com/wills-trusts-the-estate-planning-process-in-new-york/) has published an enlightening article titled ‘Wills, Trusts, & the Estate Planning Process in New York.’ This comprehensive guide is designed to educate individuals about the importance of estate planning and the distinct roles that wills and trusts play in ensuring the orderly distribution of one’s assets.

The article serves as a valuable resource for anyone looking to understand the intricacies involved in safeguarding their legacy. According to the New York estate planning lawyer, “Estate planning is more than just drafting a document; it’s about creating a strategic plan that protects individuals’ assets and loved ones.” 

The New York estate planning lawyer explains the essence of estate planning, which involves the careful arrangement of assets, ranging from real estate to intellectual properties and investments. She delves into the legal processes, such as the creation of wills and trusts, that are fundamental in achieving one’s distribution wishes while also providing protection and continuity for family members.

Feldman outlines the benefits of each estate planning tool and offers clarity on the implications of New York’s estate tax laws. “Understanding the difference between a will and a trust is critical in estate planning. Each serves a unique purpose, and both can be vital in protecting an individual’s estate and their family’s future,” Feldman explains.

The article further underlines the importance of choosing the right executor for a will and highlights the advantages of establishing a trust to avoid the public and often lengthy probate process. Feldman also addresses the intricacies of appointing guardians for minor children and designating healthcare proxies and powers of attorney.

The New York estate planning lawyer provides an in-depth look at various types of trusts, including those designed for minors, individuals with special needs, and marital trusts, among others. She also highlights the detailed breakdown of assets that should not be included in a trust, such as retirement accounts and health savings accounts, due to potential tax consequences and legal limitations.

The article serves as both an educational tool and a testament to the necessity of early and thoughtful estate planning, underscoring the commitment to ensure that wishes are respected and legacies preserved for future generations.

For individuals navigating the complexities of estate planning, New York Legacy Lawyers extends an invitation to help craft personalized estate plans that reflect the unique needs and desires of each client. The approach focuses on providing thorough, considerate guidance through every step of the estate planning journey.

About New York Legacy Lawyers:

New York Legacy Lawyers, led by Yana Feldman, is a legal firm dedicated to providing comprehensive estate planning services to the residents of New York. The firm is recognized for its approachable and individualized care, helping clients navigate the complexities of estate planning with clarity and confidence. The firm’s commitment to client education and well-being is evident in its proactive engagement with the community through informational articles and dedicated legal services.

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Website: https://yanafeldmanlaw.com/

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Company Name: New York Legacy Lawyers by Yana Feldman & Associates PLLC
Contact Person: Yana Feldman
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Phone: (718) 713-8080
Address:132 32nd St
City: Brooklyn
State: New York 11232
Country: United States
Website: https://yanafeldmanlaw.com/