NYC Estate Planning Attorney Natalia Sishodia Explains Why Everyone Needs Estate Planning

NYC estate planning attorney Natalia Sishodia (https://sishodia.com/estate-planning-attorney-manhattan/) releases a new article explaining why everyone needs estate planning. The lawyer mentions that after working hard for a long time, someone is bound to accumulate estate and wealth. This is why it’s only appropriate for that someone to be able to have the right to decide where those assets go after they pass away.

According to the New York City estate planning attorney, “Many individuals put off developing a comprehensive estate plan for “someday.” However, when the unforeseen happens, those individuals may no longer have a say over who inherits their estate or in what proportion. We know that these are difficult conversations to have – but sometimes the most difficult conversations are the most necessary.”

The lawyer adds that estate planning is more than just drafting a will. Estate planning also includes how someone’s medical care should be decided should they become ill. An estate plan can also help someone in keeping the children’s future secure and may be able to help reduce the tax burden on their loved ones left behind.

Additionally, attorney Natalia Sishodia explains that estate planning refers to the entirety of efforts and documents that surrounds the goal of setting up an estate for the future. She also adds that no matter how extensive or limited someone’s wealth may be, estate planning should be a part of the financial planning process.

The estate planning lawyer says, “Estate planning is not only about who will get what property after you die. It provides essential tools that allow for the efficient transfer of assets to your heirs and beneficiaries when that becomes necessary. Estate planning is about you having control over what happens to your wealth and property while you are alive and after your death.”

Furthermore, attorney Sishodia also mentions that estate planning may be able to help with someone’s future financial needs and retirement. It may also help with their plans after retirement and decisions for the future like long-term care.

Lastly, the lawyer encourages everyone to seek the help of a skilled attorney when it comes to estate planning. An NYC estate planning attorney may be able to help with many estate planning matters like building trusts, asset protection, long-term care planning, and more. Having an experienced attorney may also be able to help the client understand their decisions and the impact those decisions have on their plans.

About Sishodia PLLC

Sishodia PLLC’s team of professional NYC estate planning attorneys pride themselves on their ability to navigate many matters of estate planning in order to offer the most comprehensive advice and guidance possible to their clients. The lawyers at Sishodia PLLC take time to fully understand each client’s unique goals and circumstances, minimizing potential risks and issues. Call them today at (833) 616-4646 for a consultation.