Estate planning for families can seem straightforward at first glance. Typically, you want your spouse to make decisions if you become incapacitated and to ensure your assets pass to your spouse upon your death, with your children inheriting afterward.
Seems simple, right? If only it were.
Our probate courts are overwhelmed due to the complexities of family dynamics and financial issues. Moreover, there's currently $58 billion worth of unclaimed assets held by State Departments of Unclaimed Property across the United States.
To keep your family out of court and free from conflict, numerous questions must be answered. It's essential to take specific steps to ensure your assets don't end up lost to the state because something was overlooked when you're not there to guide your family.
For those in second or subsequent marriages with children from prior relationships (a “blended family”), the stakes are even higher. Without proper planning, it's almost guaranteed that conflicts will arise among those you love.
Above all, your wealth isn't just measured by your financial assets but by the well-being of your loved ones. Effective estate planning is an act of care, ensuring that your family remains out of court and conflict, no matter what happens.
We know you are busy and promise to make the process as simple and easy for you as possible. Click here to see just how easy it can be. You may also call our office at 212-566-6780 to schedule an appointment.