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The COVID-19 pandemic has brought about unprecedented changes to our daily lives. For many people, this relentless health crisis has raised awareness as to how fragile life can be, and has shed new light on the critical importance of planning for the unknown.
One of the most important steps you and your family can take in preparing for an unpredictable future is an estate plan. Estate planning has never been more relevant or more necessary than it is today. A comprehensive estate plan will provide a road map for what happens to you and your assets during your disability and after your death. It also allows you to designate who will carry out your wishes in the event of your incapacity or demise.
Steps of Estate Plan Creation
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The first step in creating an estate plan involves sitting down with an estate planning attorney to discuss your dreams, goals, and concerns. Our dedicated estate planning team will work to understand the dynamics of you and your family. We will ask probing questions to acquire a deep understanding of the people in your life who you want an estate plan to protect. We know the law, and you know your family.
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After uncovering a full understanding of your unique “family story”, we will apply this knowledge to design a custom estate plan that fits your needs.
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Finally, we will develop a complete plan that minimizes any tax liability faced by you and your estate. In any estate plan, the focus should be first on your family, and then on tax planning.
Estate Planning Starts with You
At Blustein, Shapiro, Frank & Barone, LLP, our estate planning attorneys create estate plans that protect the rights of clients and their loved ones. Whether you already have an estate plan and are interested in reviewing it, or are in need of creating one – our team is prepared with the information you need to help you create an estate plan that protects you and your loved ones.