New York Estate Planning Lawyer Seth Schlessel (https://www.schlessellaw.com/how-often-should-you-update-your-new-york-estate-plan/) of Schlessel Law PLLC has released an article on the importance of updating estate plans in New York. The article highlights the need for individuals to review and update their estate plans regularly to ensure that their wishes are accurately reflected and that their assets are protected.
In the article, the New York estate planning lawyer emphasizes the critical role of estate planning in protecting one’s assets and ensuring that they are distributed according to their wishes. He notes that many people believe that once they have created an estate plan, they can simply forget about it. However, this approach can be risky, as changes in one’s personal circumstances or the law can render an outdated estate plan useless.
The New York estate planning lawyer explains, “Estate planning is not a one-time event. It is an ongoing process that requires regular review and updating. Changes in your life, such as marriage, divorce, the birth of a child, or the acquisition of new assets, can all affect your estate plan. Similarly, changes in the law can impact the effectiveness of your plan. Regular review and updating can help ensure that your plan remains up-to-date and effective.”
The article provides valuable insights into the estate planning process, including the importance of working with an experienced estate planning lawyer to create a customized plan that reflects one’s unique circumstances and objectives. Schlessel emphasizes the importance of choosing a lawyer who is knowledgeable about New York estate planning laws and can provide guidance on the most effective strategies for protecting one’s assets and minimizing tax liabilities.
Schlessel concludes, “Updating your estate plan can seem daunting, but it is a necessary step to ensure that your wishes are accurately reflected and that your assets are protected. Working with an experienced estate planning lawyer can make the process easier and help you achieve peace of mind.”
Furthermore, the lawyer explains that the main objective of establishing a comprehensive estate plan in New York is to safeguard families and their assets. Commencing future planning is crucial to ensure that an individual’s assets are dispersed as per their desires and that their dear ones remain secure even in unforeseen events.
The article serves as a reminder that estate planning is a continuous process that requires regular review and updating. By working with an experienced New York Estate Planning Lawyer, individuals can ensure that their estate plans are up-to-date and accurately reflect their wishes.
For those looking to update their estate plans, Schlessel Law PLLC offers a wide range of estate planning services, including wills, trusts, and powers of attorney. The firm’s experienced attorneys work closely with clients to create customized estate plans that meet their unique needs and objectives.
About Schlessel Law PLLC:
Schlessel Law PLLC is a boutique law firm that focuses on estate planning, elder law, and business law. The firm’s experienced attorneys have extensive knowledge of New York State laws and are dedicated to providing high-quality legal services to clients. Schlessel Law PLLC is committed to helping clients achieve their personal and business objectives through effective legal solutions.
About Schlessel Law PLLC
Seth is the Managing Member and Founder of Schlessel Law PLLC. Seth oversees the day-to-day operation of the firm and handles the more complex cases and clients.
Seth graduated from Touro Law School in 2013, where he held numerous leadership positions including being VP of the Sports and Entertainment Society. Seth was admitted to the New York Bar in 2014.
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