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Why estate planning isn't just for the wealthy

Many people wrongly assume that only very wealthy individuals or those with many assets and belongings need an estate plan. In reality, however, even individuals of modest means likely have sentimental possessions they wish to leave to children, grandchildren or close friends. Depending on an individual’s circumstances, estate planning can mean very different things and an estate plan should be tailored to each individual's unique needs and ultimate goals.

Estate planning can be a complex process. In addition to having a will, many individuals opt to establish one or more trusts as well as take steps to protect from tax liabilities and provide for a child's or grandchild's education needs. There may also be other considerations that an individual may wish to account or plan for in an estate plan such as an intended heir who may have a gambling or substance abuse problem. Whatever the case, an estate planning attorney can help ensure that an estate plan is comprehensive and achieves intended goals.

While few people enjoy contemplating their own mortality, doing so in the form of estate planning can provide clarity and peace of mind. Most individuals begin thinking about estate planning with the birth of a child or when a certain amount of assets are accumulated. In truth, however, it's never too early or late to start taking steps to plan for both one's own financial and physical health as well as those left behind.

Beginning the estate planning process can be overwhelming and forces an individual to take stock of and contemplate both financial and deeply personal issues. An estate planning attorney can help in all estate planning matters by both answering and posing questions and helping ensure the appropriate estate planning documents are in place. 

Source: Orange County Register, "Knowledge Byte: Estate Planning," Brittany Hanson, Jan. 31, 2014

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  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
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Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

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