The renowned Long Island estate planning attorney, Seth Schlessel (https://www.schlessellaw.com/how-often-should-you-update-your-new-york-estate-plan/) of Schlessel Law PLLC, has recently published a comprehensive guide on the importance of regular updates to estate plans. The article, titled ‘How Often Should You Update Your New York Estate Plan?’, is a must-read for those who wish to safeguard their assets and ensure their loved ones are adequately cared for in the event of their passing.
As a dedicated Long Island estate planning attorney, Seth Schlessel emphasizes the importance of considering estate planning as an ongoing task rather than a one-time endeavor. He encourages individuals to review their estate plans every five years or whenever significant life changes occur. The article delves into various life events that necessitate a closer look at one’s estate plan, such as having a child, changing marital status, experiencing major financial changes, health issues, retirement, moving, and more.
“It’s crucial to ensure your estate plan accurately reflects your current circumstances,” says Long Island Estate Planning Attorney Seth Schlessel. “Updating your estate plan can help ensure your assets are distributed as you wish, and that your loved ones are cared for after your demise.”
In his article, the Long Island estate planning attorney also highlights the importance of including digital assets in estate plans. With the rapid evolution of digital laws, Schlessel strongly advises individuals to consult with an attorney to create a legally valid and up-to-date estate plan.
“When it comes to estate planning, every detail matters, including your digital footprint,” Schlessel explains. “In today’s digital age, it’s imperative to have an estate plan that accounts for digital assets to ensure your heirs can access and manage them appropriately.”
Schlessel’s article also explains the differences between wills and trusts and emphasizes the importance of having them reviewed by a professional to ensure they comply with current legal requirements and align with the individual’s specific situation. “A thorough review of estate documents can provide peace of mind and secure the future of your loved ones,” says Schlessel.
Schlessel encourages anyone who has not yet built an estate plan or needs help updating their existing one to seek professional assistance. He emphasizes that a well-prepared estate plan could protect a family from costly court battles, reduce or eliminate estate taxes, and ensure the safe passage of assets to loved ones.
About Schlessel Law, PLLC:
Schlessel Law, PLLC is a distinguished law firm based in Long Island, NY, widely experienced in estate planning. Led by Seth Schlessel, the firm is committed to providing personalized and effective legal solutions. With a focus on safeguarding the future of their clients and their families, Schlessel Law, PLLC offers a range of services, including estate planning, will and trust reviews, asset protection, and more.
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Website: http://www.schlessellaw.com/
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Company Name: Schlessel Law PLLC
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Phone: (516) 574-9630
Address:34 Willis Ave Suite 300, Mineola, NY 11501
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Website: http://www.schlessellaw.com/