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Hundreds of thousands attorneys live in New York from Wills Trusts Lawyer to a Venture Capital Lawyer. NY Attorneys all attend law school, but often choose to focus on one segment of the law while in practice. For those who potentially need an attorney, it is important to understand the differences in the type of cases they work. Business lawyers often focus on specific cases rather than simply take on any generic case. Hiring a lawyer may mean being able to differentiate between several types of case lawyers. Often lawyers specialize in certain areas of the law. A Wills Trusts Lawyer provides professional legal counsel in the arena of Will, Trusts, and Estate Planning. Estate planning is often a danger to do without the help of an attorney due to documents that can expire as estate planning laws change. Any individual wishing to utilize do-it-yourself kits for estate planning should have a lawyer look over any completed documents to verify that they are binding and legal. A will and last testimony is a binding legal document that determines what occurs with the owned property of a deceased individual. Without a will, the descendents or closest relations divide the property by preference or additional legal proceedings. A personally written will without the help of legal counsel may not be legally binding. It is of the best interest of the writer of the will to seek the counsel of an attorney when preparing a will or a living trust. Basic will forms are available over the Internet and through attorneys. These documents can be valid and legally binding especially if completed with a Notary Public stamp. A few common mistakes occur when managing a living trust do not sidestep an experienced wills trusts lawyer. NY estate planners and lawyers understand that all revocable trusts are funded. Ownership of the assets to the trust must be transferred. If the trust is not funded the estate will be probated. Probate costs 5% of an estate in attorney fees. All estates go through a probate period. Probate is a legal process to determine that the property in question is, in fact, distributed according to the will’s directives or according to the law of the state if there is no legal will of which to refer. A probate can take up to a year as the validity of the will is established and all heirs are informed of the passing of the deceased. A living will is similar to the last will of a deceased individual. A living will is a legal document regarding an individual’s preference if he/she is giving living-preserving medical treatments or interventions. It is also referred to and can be used as an advance directive, health care directive, or physician’s directive. There is a difference between a living trust and a living will. A living trust is a mechanism for distributing a person’s assets to avoid probate. Living will’s act as directions to one’s family and physician in the preference of the individual if they are unable to make decisions in the last stages of life regarding medical treatments or life supporting devices. For more information: Lawyer
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