Estate Planning in Albany, NY
At Napierski, VanDenburgh, Napierski & O’Connor, LLP, we understand the importance of a providing a secure financial future for your family. Our attorneys are here to answer questions about the estate planning process and provide our clients with peace of mind. Our goal is to help those we counsel understand the legal process, and benefits of wills and trusts to ensure that their finances are protected in the event of their death.
If you live or work in the Albany, NY area, let our estate planning attorney help serve and protect your interests. With proper planning, our clients can establish a guide for how both their wealth, and debts are distributed after their death to prevent undue burden on their loved ones while being able to meet their family obligations, business interests, and charitable giving needs.
Why Estate Planning is Important and What it Includes
Estate planning encompasses a number of essential aspects that will allow your belongings to be distributed how you want them when you are no longer here. Your estate consists of all the property you own at death before it is distributed. Every person’s estate is different. Yours may contain your house or other real estate, bank accounts, jewelry, vehicles, collections, and more. However, every person is different.
Estate planning includes drafting a will, designating a beneficiary, as well as an advance health care directive. The decisions of how you wish to be cared for medically if you are ever unable to communicate them to your loved ones can also be included in estate planning.
If there is no estate plan, the state will decide what will happen to your assets and divide them among your family members. However, creating a plan for how you wish your assets should be divided and to whom should receive them will make it easy to look after your loved ones after you’re gone. It also lessens the stress of your family having to decide amongst themselves as to who should receive what and how much. Estate planning can also help to minimize the taxes on the assets you leave behind.
You can start working on your estate plan at any time and if you would like assistance in this process to ensure you’re completing everything properly from a legal standpoint, be sure to get in touch with one of the lawyers from Napierski, VanDenburgh, Napierski & O’Connor, LLP. If a significant life event occurs, including having a child or grandchild, getting divorced, obtaining new property, or other circumstances, you should have your estate plan updated to account for these changes. For more information or to get started on your estate plan today, contact our team.
Offering Individual Client & Business Asset Protection
Whether our clients are families seeking to write a will and name guardians for their minor children, a business owner who wishes to pass on their business to family, or individuals with substantial and complicated assets, our estate planning team can help.
We design and implement individualized plans for each client using both traditional and sophisticated techniques that are tailored to client’s wishes to preserve their wealth and provide for those that rely on them.