New York estate planning attorney Yana Feldman (https://yanafeldmanlaw.com/how-you-can-use-estate-planning-as-a-gift/), of New York Legacy Lawyers, has released an enlightening article titled, ‘How Can You Use Estate Planning as a Gift.’ This educational article underscores the importance of estate planning as a thoughtful gift to one’s family, offering guidance on the key elements of the process.
Feldman, a seasoned New York estate planning attorney, presents a comprehensive overview of estate planning in her latest work. She meticulously details the crucial elements of an estate plan and how implementing one can help avert future conflicts or confusion that may arise after one’s death.
The New York estate planning attorney goes on to explain various aspects of estate planning, including joint ownership, beneficiary designations, probate, trusts, tax implications of gifts, and the importance of having a living will and a healthcare proxy. Feldman’s article serves as a valuable resource for those seeking to understand the intricate process of setting up a will and estate plan.
Yana Feldman explains, “The concept of a last will & testament, or transfer of property after death, has been around as long as humans have. In the US and Brooklyn, however, our team uses estate law to clear things up a bit more formally. Fundamentally, a will entails where an individual wishes for their possessions, assets, minor children, and more to go when they pass away.”
She further adds, “A trust will sometimes feel scary because a person may feel that they could be giving up their assets to a bank or other entity that they have no control over. However, they will make the decisions about how to place money in or withdraw assets out of the trust. Functionally, it shouldn’t interfere too drastically with how they manage their estate now – but when they pass away, it will make a huge difference in how their assets transfer to their loved ones.”
For individuals seeking a deeper understanding of the estate planning process, Yana Feldman’s article is a must-read. It provides an invaluable perspective on the importance of proactive planning and the practical steps involved in setting up a comprehensive will and estate plan.
About New York Legacy Lawyers:
New York Legacy Lawyers is a respected law firm offering comprehensive estate planning services in New York. Led by experienced attorney Yana Feldman, the firm provides guidance and support to clients in creating or updating wills and estate plans. Committed to reducing the emotional stress associated with the passing of a loved one, New York Legacy Lawyers puts a strong emphasis on the importance of planning and preparation for the future.
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