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January 2014 Archives

Estate planning in New York protects assets when one dies

When people hear the term "estate planning," they sometimes immediately tune it out, thinking that this activity is only necessary for the wealthy. However, people of all income levels in New York can benefit from developing a solid estate plan. Having one in place helps to guarantee that one's assets will end up in the proper hands upon his or her passing.

Estate planning in New York involves making a list of assets

With 2014 in full swing in New York, a person may be working hard to get his or her life in order by trying to keep his or her New Year's resolutions. This may include actually working out, becoming more committed to one's spouse or trying to kick a bad spending habit. Individuals would be wise to add estate planning to such a list, as engaging in this critical task helps them to get their finances in order and be prepared for the future in the event that they end up being incapacitated or dying.

Begin new year with estate planning in New York

Most people are embracing life in the New Year. Many don't necessarily know how much longer they will live, but a number of them remain unprepared in the event that they do end up dying sooner than expected. This is particularly true for young people who view death as being potentially decades away, when something as sudden as a New York car accident could end up taking their lives. One potentially wise resolution for 2014 is to participate in estate planning.

Estate planning in New York leads to helpful will, living trust

People naturally don't like to think about death. They often prefer to enjoy their lives and to simply live in the moment. However, if a person becomes incapacitated or ends up dying and hasn't made the proper legal preparations, this can cause grief for family members who are already mourning the loss of a loved one. Several steps can help a person to engage in estate planning in New York so as to protect their assets and to protect their family members in the aftermath of his or her death.