New York City estate planning lawyer Yana Feldman (https://yanafeldmanlaw.com/top-mistakes-in-estate-planning/) of New York Legacy Lawyers has recently published an insightful article on the “Top Mistakes in Estate Planning.” The article is a comprehensive guide that highlights common pitfalls and provides valuable advice on how to avoid them when planning one’s estate in New York.
New York’s complex legal landscape and ever-changing tax laws can make estate planning a daunting task, which is why many individuals turn to experienced professionals like New York City estate planning lawyer Yana Feldman. In the article, Feldman emphasizes the importance of timely estate planning and addresses various issues that individuals should consider to ensure their assets are distributed according to their wishes.
Yana Feldman, the New York City estate planning lawyer, states, “It’s crucial for everyone over the age of 18 to have basic documents in place, such as a Power of Attorney and Health Care Directives.” She further explains the importance of exploring various estate planning options and coordinating beneficiaries to ensure that one’s estate plan aligns with their intentions.
The article also delves into the significance of long-term care planning, discussing the potential pitfalls of guardianship and the benefits of appointing an Agent under a Power of Attorney, Health Care Proxy, and possibly a Trustee. Feldman highlights the importance of open communication with family and friends regarding estate planning and how it can help alleviate stress and worry.
One of the most critical mistakes in estate planning, as discussed in the article, is relying on a DIY estate plan. Feldman warns, “While it is certainly possible to create an estate plan on your own for no or low cost, it can cost your family a LOT more than you choosing to work with a competent estate planning attorney.”
To ensure a comprehensive and effective estate plan, it’s crucial to involve a skilled estate planning lawyer who can provide personalized advice and help navigate the complexities of New York law. New York Legacy Lawyers, led by attorney Yana Feldman, is dedicated to assisting individuals and families in securing their financial future and minimizing tax liabilities.
About New York Legacy Lawyers:
New York Legacy Lawyers, led by attorney Yana Feldman, is a team of skilled estate planning lawyers dedicated to helping individuals and families plan for their future, protect their assets, and minimize tax liabilities. With a deep understanding of New York’s complex legal landscape, they provide personalized advice and guidance to clients, ensuring that their estate plans are tailored to their unique circumstances.
New York Legacy Lawyers by Yana Feldman & Associates PLLC
132 32nd St
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.