Estate planning is an important aspect of securing your financial future and ensuring that your loved ones are taken care of after you pass away. In New York, there are specific types of assets that can be included in an estate plan to protect your assets and distribute them according to your wishes. At Law Offices of Benjamin B. Neschis, P.C., we assist New York residents with their estate planning needs and can help you navigate the complexities of including different types of assets in your estate plan.

One common type of asset that can be included in a New York estate plan is real estate property. This includes any land or buildings that you own, such as a primary residence, vacation home, or rental property. By including real estate in your estate plan, you can designate who will inherit these properties and ensure that they are transferred smoothly after your passing.

Another important type of asset to consider including in your New York estate plan is financial accounts, such as bank accounts, retirement accounts, and investment accounts. By designating beneficiaries for these accounts, you can specify who will receive the funds held within them after you pass away. This can help avoid disputes among family members and ensure that your assets are distributed according to your wishes.

In addition to real estate and financial accounts, personal property such as vehicles, jewelry, artwork, and other valuable items can also be included in a New York estate plan. By creating a detailed inventory of your personal belongings and specifying who should inherit each item, you can prevent conflicts among family members and ensure that your cherished possessions are passed down to the intended recipients.

Business interests are another important type of asset that should be considered when creating an estate plan in New York. If you own a business or have investments in a company, it is crucial to address how these assets will be managed or transferred after your passing. By working with an experienced attorney like Benjamin B. Neschis, you can develop a comprehensive plan for handling business interests within your estate.

Estate planning is a vital process for protecting your assets and ensuring that they are distributed according to your wishes after you pass away. In New York, there are various types of assets that can be included in an estate plan, including real estate property, financial accounts, personal belongings, and business interests. By working with Law Offices of Benjamin B. Neschis, P.C., you can receive expert guidance on how to include these assets in your estate plan and secure a prosperous future for yourself and your loved ones. Contact us today to learn more about our services and start planning for tomorrow.