New York City Estate Planning Attorneys At Matus Law Group Explains The Work of Estate Planning Attorneys In New York

New York City estate planning attorney Kristine M. Carranceja-Gurski of the Matus Law Group releases a new article (https://matuslaw.com/estate-planning-attorney-new-york-city/) that explains the work of a New York estate planning attorney. The lawyer mentions that collecting estate and assets take a lot of time. Estate planning involves taking care of one’s loved ones and themselves for a long time and it is also all about who will benefit from the estate.

According to the New York City estate planning attorney, “Estate planning is not just a dry set of legal directives and forms ruled by the law. It is the heart and soul of the culmination of a lifetime’s plans. At The Matus Law Group, we treat it as such. Regardless of legal planning complexities, we understand the momentous responsibility you have entrusted us in designing and planning a tailored estate plan.”

The lawyer explains that estate planning also covers planning a special needs child’s care and future through trusts. The trust will be able to help legally protect the estate and to ensure the child will have access to the public benefits he or she will need in the future. After the child turns 18, they will be able to receive benefits such as Supplemental Security Income.

Attorney Kristine M. Carranceja-Gurski also mentions that in New York estate planning, a will sets out a person’s wishes about how they want their estate to be administered after they are gone. Without the benefit of a legal will, the estate will be placed in a complicated and lengthy probate process.

Estate planning attorney Carranceja-Gurski also adds that a will is an essential estate planning device. A will helps a person pass on their financial assets and real estate to specific individuals that they choose. If young children are involved, a will also set out who will be their legal guardians.

Additionally, attorney Carranceja-Gurski explains that having a will may be an excellent first step but there are times when having a trust is a better option as it will provide asset and estate protection as well as tax benefits. A will may not have such features. The lawyer says, “A trust forms a separate third-party legal entity that can own assets and estate on behalf of a beneficiary, which can be useful for estate planning and tax benefits.”

Lastly, New York estate planning lawyer attorney Kristine M. Carranceja-Gurski emphasizes the importance of having a skilled lawyer when it comes to estate planning matters. Having an experienced attorney may be able to help a client understand their rights and responsibilities as well as guide them on the decisions they’re going to make.

About The Matus Law Group
The Matus Law Group has a team of estate planning attorneys who are committed to helping families and individuals in real estate transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (929) 412-1808