How to Protect Your Assets with Proper Estate Planning

No one likes to think about the future uncertainties, but estate planning is essential to protect your loved ones and your wealth. Without a proper plan, your assets may be subject to legal disputes and excessive taxes.

Key Estate Planning Documents:

1. Will – Specifies how your assets will be distributed and prevents state interference.
2. Trusts – Allow for controlled distribution of wealth, minimizing probate and protecting assets from creditors.
3. Power of Attorney – Appoints a trusted person to handle financial or healthcare decisions if you become incapacitated.
4. Beneficiary Designations – Ensures that your insurance policies and retirement accounts go to the right people.

Our estate planning attorneys at Gelbstein & Associates help clients create customized plans that secure their legacy and provide peace of mind. Get started today by calling (718) 276-9000!