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estate plan
Attorneys

What Does an Estate Plan Include?

There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not true at all. There are many features associated with an estate plan. You can definitely do a lot in your estate planning. Also, remember that estate planning is not only about wealthy people. Estate planning means that you are giving your belonging to another person after your death. Now, this belonging can be anything and it does not have to be a very expensive house or a car. So, keeping in mind that estate planning is for all of us, this article is to give you a brief idea of what are the elements that

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Best Estate Planning Attorney in Brooklyn
Attorneys

Best Estate Planning Lawyers in Brooklyn: Why it is important?

Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out of 10 Americans currently have an estate plan which refers to the fact that a lot of people are ignoring the importance of Estate Planning. Believe it, everyone including people who own a car, have furniture, own a home, have saving accounts, possess life insurance, and have a few investments should think about Estate Planning. If you have already thought about it then in that case, an Estate Planning Lawyer in Brooklyn can come in handy. Estate Planning Brooklyn It doesn’t matter if you have modest or large property Estate Planning is required. Let’s say

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estate planning singles
Attorneys

Estate Planning for Singles

Are you a single, and you are reaching retirement soon? Well, then this is the right time for you to do some estate planning. Estate planning for people who are single is very essential as after their death there won’t be any proper heir or beneficiary to their assets. Thus, it is highly necessary to make a proper estate panning if you are single or widowed. What Does Estate Planning Include? Following are some of the must-have items which should be there in any estate planning Last will and testament – This last will or testament actually consists of your last wishes regarding your distribution of your assets and who should get it. Power of attorney – You must have

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Why Power of Attorney is Important?
Attorneys

Why Power of Attorney is Important?

Life brings the most unexpected when you least expect it which can put you and your family in such a situation that you yourself won’t be able to make decisions that will significantly affect you and your family. Though you had verbally authorized someone to make life decisions on your behalf, however, it is never considered legal. You must put up these responsibilities and the concerned responsible person for them on paper so that there won’t be any issues later like disagreement, dispute, court intervention, etc. Estate Planning- The legal document defining these responsibilities and the authorized person to do that is called the power of attorney. It is especially required for the time when you yourself are not capable

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How to be smart in naming beneficiaries of your 401(k)?
Attorneys

How to be smart in naming beneficiaries of your 401(k)?

While we plan our estate, we think planning for our belongings and properties, however, there are some accounts whose distribution is decided according to the beneficiary designated in their documents and are not overpowered by a will. Yes, we are talking about accounts like transfer on death, saving accounts, insurance policies, retirement accounts, etc. In this article, we will be discussing the funds held in the 401(k) plan and naming their beneficiaries. Estate Planning- A 401(k) plan is a defined contribution retirement saving account offered to the employees by the employers in which the employees can contribute a portion of their salary on a tax deferred basis. Employer can also match the employee’s contribution in the plan up to a

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