• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Long Island Law Firm - New York - MontanaroLaw P.C

Call For A Free Case Evaluation

516-203-1700

Hablamos Español

  • Home
  • About Us
    • Our Team
    • Value Proposition
    • Career Opportunities
    • Client’s Rights
  • Our Services
    • Business
      • Advertising & Marketing
      • Business Formation
      • General Counsel
      • Health Care Contract
      • Intellectual Property
    • Litigation
    • Estate Planning
      • Probate
      • Trust
      • Wills
    • Criminal Defense
      • Assault
      • Domestic Violence
      • DUI / DWI
      • Suspended License
    • Medical Malpractice
    • Personal Injury
      • Bicycle Accidents
      • Car Accidents
      • Motorcycle Accidents
      • Truck Accidents
      • Pedestrian Accidents
      • Wrongful Death
    • Real Estate
      • Landlord Tenant
    • Traffic Tickets
      • CDL Tickets
      • Speeding Tickets
      • Cell Phone Tickets
      • Distracted Driving
  • Reviews
  • Latest News
  • Events
  • Contact Us
CALL US NOW
EMAIL US NOW

June 25, 2022 by montanarolaw

What is an Estate Plan?

Estate planning is all about protecting your loved ones. An estate plan is a collection of tools that let you preserve your legacy and your family’s future when you pass. It allows you to determine how your assets will be held, managed, and distributed after your death or if you become incapacitated.

An estate plan has several benefits, including protection from the costly probate legal process, fewer transfer taxes, and the ability to pass on—and protect—your wealth.

Many people believe you have to be wealthy to justify an estate plan. This isn’t true. You might be surprised by how many tangible and intangible assets you have that warrant protection.

What Assets are Part of an Estate Plan?

In the estate planning process, your assets and property make up your estate. The help you will likely protect with your estate plan includes:

  • Real estate property and land
  • Vehicles
  • Collectibles such as fine art, antiques, or coins
  • Checking and savings accounts
  • Stocks, bonds, and mutual funds
  • Life insurance policies
  • Retirement plans, IRAs, or pensions
  • Health savings accounts
  • A business

Estate planning is all-encompassing protection for your assets. It guards your wealth against seizure, creditors, taxes, and other losses. If you are considering an estate plan, contact our legal team to discuss the benefits and advantages of estate planning: (516) 203-1700.

Isn’t a Will Enough?

A will is an essential legal tool that dictates where your assets should go after you die and to whom. It also lets your family know if you have special wishes or considerations, such as funeral arrangements. It will only go into effect after you die.

An estate plan, in contrast, offers broader protection for your belongings and property. A will is part of the estate planning process.

Wills, as a standalone legal document, are subject to probate court. With only a will left behind, your family must go through probate court to ensure your choice is valid before they release any of your assets.

Your estate could be challenged in court with more complex estates, a vague will, or no will.

How Can an Attorney Help Me?

Planning for your future can be an emotional and overwhelming process. An attorney with experience in estate planning can assist you in the creation of an estate plan and help you make big life decisions along the way.

This includes creating a will and determining your final wishes, selecting guardianship designations, power of attorneys, and healthcare directives, as well as creating a trust.

Our legal team can help your family avoid probate, save on estate taxes, and protect your medical choices and your family’s future with an estate plan. Get your future affairs in order today and speak with our law firm today: (516) 203-1700.

About montanarolaw

Related Articles

What to Expect in a Traffic Court Hearing

Legal Support for Rising Home Prices

Top 3 Legal Tips for Protecting Your Mom-and-Pop Shop

Primary Sidebar

    Free In-Depth

    No Obligation Case Evaluation








    Latest News

    What to Expect in a Traffic Court Hearing

    April 30, 2025 By montanarolaw

    … Read More about What to Expect in a Traffic Court Hearing

    Legal Support for Rising Home Prices

    April 23, 2025 By montanarolaw

    … Read More about Legal Support for Rising Home Prices

    Top 3 Legal Tips for Protecting Your Mom-and-Pop Shop

    April 16, 2025 By montanarolaw

    … Read More about Top 3 Legal Tips for Protecting Your Mom-and-Pop Shop

    How Tariffs Could Impact You

    April 9, 2025 By montanarolaw

    … Read More about How Tariffs Could Impact You

    View More

    Testimonials

    Sonal G

    New York, NY

    Mark was referred to me by another colleague. My experience has been nothing but perfect with Mark. He was always available to answer questions and timely address the issues. Whatever he told me at the time of initial consultation is exactly how he performed. I found him rea(...)

    Dawnmarie F.

    New York, NY

    Mark is an extremely knowledgeable attorney. He knew exactly where we would stand with my son’s tickets prior to arriving in court. I highly recommend Mark for all traffic ticket concerns in Nassau and Suffolk County. You will not be disappointed!

    Linda D

    New York, NY

    His office (Shannon) was efficient, thorough, professional and readily available. Mark handled the whole case without my losing anytime from work. He also pleaded my traffic ticket down to littering with no points or insurance increase. Greatly appreciate his experience, (...)

    Lauren L.

    Farmingdale, NY

    MontanaroLaw provided excellent service! They are always super quick to respond. Their Communication was always clear and understandable…


    Read More
    • 100 Broadhollow Road, Suite 100
      Farmingdale, NY 11735
    • 516-203-1700
    • info@montanarolaw.com
    Get Directions
    • 274 Madison Avenue, Suite 901
      New York, NY 10016
    • 347-328-5600
    • info@montanarolaw.com
    Get Directions

    Connect With Us!

    © 2024 MontanaroLaw, P.C. All Rights Reserved. | Terms of Service | Sitemap | Privacy Policy

    • English
    • Español (Spanish)