Typically people accumulate wealth during their lifetime. The sum of that accumulation including real estate, other owned items, investments, other assets and cash combine to establish a person or family’s estate. While the value of each state varies the need to protect that estate after death is essential for everyone.
Simply put an estate is the net worth of a person or family. It is the sum of all assets, less all liabilities at that time. The issue is of special legal significance on the death of the person.
Estate Planning is the process by which you help protect you and your family from the uncertainties of the future so as to minimize problems that can arise during a family crisis like death, disability or other major changes in your life.
The experienced attorneys at The Law Offices of ELAN WURTZEL in Plainview, NY will help protect your estate, guide you through this complicated legal process, ensure your wishes are protected now and in the future.