Manhattan estate planning attorney Natalia Sishodia releases a new article (https://sishodia.com/estate-planning-attorney-manhattan/) that explains why estate planning is important for everyone. The lawyer mentions that people work so hard to build up their wealth and estate. That is why it is very important for someone to protect their assets and develop a plan for “someday”.
According to the Manhattan estate planning attorney, “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 explains that estate planning involves many things. It is more than just a will. An estate plan can also include how someone’s medical care will be handled should they become gravely ill or incapacitated. Having an elaborate estate plan may ensure that children are well taken care of.
Attorney Sishodia adds that estate planning goes beyond who will inherit the property after the client passes away. An estate plan will also provide essential tools that will allow the efficient transfer of assets to the client’s heirs and beneficiaries.
In the article, estate planning attorney Natalia Sishodia discusses that a will is important and is a foundational estate planning document. A will is a set of concise instructions that designate the executor, how the properties will be distributed, and names a guardian for the client’s minor children.
Furthermore, when someone passes away without a will, that means that state laws will decide how the client’s property will be distributed after their death. In an intestate succession, there will be rules that will determine what relationship gets which percentage of the person’s wealth or estate. It is not usually the best option since it will distribute the asset in a way that the deceased person may have not hoped for.
Lastly, the lawyer emphasizes that it is important to seek the help of a skilled estate planning lawyer when it comes to matters involving estate planning. An experienced estate planning lawyer may be able to help the client set up their wealth for the future in case the client passes away.
About Sishodia PLLC
Sishodia PLLC’s team of professional New York estate planning attorneys pride themselves on their ability to give the most comprehensive advice and guidance possible for 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.
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Sishodia PLLC is a boutique New York real estate law firm offering experienced, individualized legal solutions to clients ranging from first-time homebuyers to seasoned real estate investors.