Estate Planning - How to Maximize Your Inheritance for Your Children and Your Future Income
July 23, 2012 By Law Office of Bonnie Lawston
Careful estate planning is the best way to maximize your inheritance for your children and your future income. Speak with an attorney today and start preparing a plan. Draft a Will and, perhaps a trust, and all the related documents needed to protect against government seizure, expensive future litigation and probate issues.
The money spent for an estate planning attorney is a worthwhile expense. Not only will you protect and expand your assets, you will also avoid the cost of probate issues. More importantly, an estate plan will ensure that your assets and personal items will be distributed according to your wishes.
If you do not do not have a Will and estate plan in place at the time of your death, the applicable law will dictate who inherits your estate. I cannot stress enough how important proper estate planning is for you, the well-being of your family and to ensure the smooth settlement of your estate.
Case in Point
A former client, wealthy, yet penny wise and pound-foolish, bought a Will from Staples. He prepared the Will on his own and went to the bank where they witnessed his signature. However, after his death, certain family members objected to the Will and its execution. Depositions were held to question the witnesses, and because certain formal requirements under the law were not satisfied, it was uncertain whether the Will would be admitted to probate. So, the man saved money on Will preparation, but failure to get legal advice and guidance cost his estate thousands of dollars to try to get the Will admitted to the court and settle his estate. The money spent on a store bought Will certainly was not worth the sum it eventually cost the decedent’s estate.
It is a privilege to assist people in their time of need. We invite you to contact the Law Offices of Bonnie Peters-Lawston, a Long Island probate attorney who will keep your best interests in mind.
AUTHOR: Law Office of Bonnie Lawston
Copyright Law Office of Bonnie Lawston
More information about Law Office of Bonnie Lawston
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
If you do not do not have a Will and estate plan in place at the time of your death, the applicable law will dictate who inherits your estate. I cannot stress enough how important proper estate planning is for you, the well-being of your family and to ensure the smooth settlement of your estate.
Case in Point
A former client, wealthy, yet penny wise and pound-foolish, bought a Will from Staples. He prepared the Will on his own and went to the bank where they witnessed his signature. However, after his death, certain family members objected to the Will and its execution. Depositions were held to question the witnesses, and because certain formal requirements under the law were not satisfied, it was uncertain whether the Will would be admitted to probate. So, the man saved money on Will preparation, but failure to get legal advice and guidance cost his estate thousands of dollars to try to get the Will admitted to the court and settle his estate. The money spent on a store bought Will certainly was not worth the sum it eventually cost the decedent’s estate.
It is a privilege to assist people in their time of need. We invite you to contact the Law Offices of Bonnie Peters-Lawston, a Long Island probate attorney who will keep your best interests in mind.
AUTHOR: Law Office of Bonnie Lawston
Copyright Law Office of Bonnie Lawston
More information about Law Office of Bonnie Lawston
View all articles published by Law Office of Bonnie Lawston
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
