Planning for the future is crucial to ensure your family’s financial security and well-being. A solid estate plan lets you control how to distribute your assets and ensures your wishes are fulfilled. Whether you want to focus on protecting your wealth, minimizing tax liabilities, or ensuring the care of a loved one with special needs, an estate planning lawyer in Great Neck can provide the guidance you need. Andrew M. Lamkin is a local Great Neck estate planning attorney who helps clients prepare for the future with various estate planning services tailored to their unique circumstances. Whether you want to draft a will, establish a trust, or discuss tax planning strategies, Mr. Lamkin’s experience and compassionate approach can provide the support you need.
Understanding the Role of a Great Neck Estate Planning Attorney
An estate planning attorney in Great Neck assists individuals and families with arranging the distribution of their assets, appointing guardians for minor children, and making decisions about medical and financial directives. Estate planning is not just for the wealthy—it’s about ensuring your assets, regardless of size, are handled the way you intend. Working with a trusted Great Neck estate planning lawyer can help you create a comprehensive plan that reflects your values and long-term goals.
Your attorney will help you understand the legal documents necessary to formalize your wishes, including wills, trusts, powers of attorney, and healthcare proxies. These documents ensure your estate is managed according to your instructions, especially if you become incapacitated or pass away. Working with a Great Neck estate planning attorney can avoid common issues like probate delays, unnecessary taxes, and family disputes over assets.
Why Estate Planning Is Important Under New York Law
New York has laws that dictate the handling of estates. Without a proper estate plan, the court system will determine how your assets are distributed based on New York’s intestacy laws. If you do not have a will or trust, your assets may not go to the individuals or causes you would have chosen. A Great Neck estate planning attorney can help you by drafting a comprehensive estate plan that adheres to New York’s legal requirements.
One key aspect of estate planning in New York is minimizing estate taxes. New York State imposes an estate tax in addition to the federal government, which can significantly reduce the value of your estate if not adequately planned for. An experienced estate planning lawyer can help you explore strategies to reduce or eliminate these taxes, such as gifting during your lifetime, establishing tax-efficient trusts, or taking advantage of charitable donations.
What a Great Neck Estate Planning Lawyer Can Help You Achieve
When working with Andrew M. Lamkin, you can expect a tailored approach that focuses on your needs. Some of the core services offered include:
- Wills—drafting a will ensures the distribution of your assets according to your wishes;
- Trusts—trusts offer a way to manage assets during one’s lifetime and ensure they are transferred smoothly to one’s beneficiaries;
- Healthcare proxies and powers of attorney—these documents allow you to appoint someone to make medical or financial decisions on your behalf if you cannot do so;
- Special needs planning—establishing a special needs trust ensures your loved one will have the resources they need without jeopardizing their eligibility for government benefits; and
- Veterans benefits—if you or a family member is a veteran, you may be entitled to certain benefits that can provide additional financial security.
Great Neck Estate Planning Attorney
If you are looking for an estate planning lawyer in Great Neck, contact the Law Office of Andrew M. Lamkin, P.C., to learn more about our services. Attorney Andrew Lamkin has extensive experience as a Long Island estate planning lawyer. As a New York State Bar Association and Nassau County Bar Association member, Andrew is also part of both organizations’ Elder Law and Trusts and Estates sections. He is a Certified Court Evaluator committed to helping Great Neck residents protect their assets and loved ones through estate planning. We take pride in tailoring our services to your specific needs to ensure that your estate planning documents accomplish what is most important to you. To learn more and to schedule a no-obligation consultation today, give us a call or connect with us through our secure online contact form.