On Taking Responsibility for Your Estate

One of the most responsible things a person can do is to ensure that his or her final affairs are taken care of. This means that the responsible person will seek the legal help of an attorney for his or her estate. An estate planning lawyer who conducts business in New York and New Jersey helps clients with their final affairs. Here are some things clients should know about estate planning.

The Process of Estate Planning

The process of planning an estate involves deciding who will get what after the person dies, and how the other assets are distributed. It also takes care of who will be in charge in the event the person becomes mentally or physically incapacitated to handle his or her own affairs. All of this includes the power of attorney, beneficiary designation, wills, life insurance, and in some cases, trusts and tax planning. The sooner a …