Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

What should I ask my estate planning attorney?

Estate planning is not only for the wealthy. In fact, every adult New York resident should consider drawing up an estate plan, and speaking with a qualified estate planning lawyer is a great way to start with that process. When speaking with your attorney, be sure to address the following issues.

First, ask your attorney about drafting a will. A will is the most basic estate planning document and everyone should, at the very least, have one set up. Nevertheless, an estimated 64 percent of United States citizens do not have wills. Putting off the creation of a will is a serious mistake since following death, the division of a person's estate will then be left up to a probate court to decide -- a process that is will not be cheap or easy to complete for the decedent's heirs.

Second, ask your estate planning lawyer about beneficiaries of different accounts. It is important to remember that a will does not govern the dispensation of all assets. Indeed, various accounts like IRAs, 401(k)s and life insurance policies have special beneficiary forms that indicate who will inherit them after death. As such, estate planners need to double check their beneficiary forms on a regular basis to ensure that they reflect their wishes and their current family situations.

Third, ask your lawyer whether you should consider giving away some of your money while you are still alive. This strategy applies to New York residents whose estates are in danger of getting hit with estate taxes. Under IRS regulations, Americans are permitted to gift as much as $14,000 tax-free per year per person who receives the gift. Over time, these gifts may help you lower the ultimate value of your assets and reduce your estate's tax burden after death.

Depending on your family situation and needs, you will probably have a lot of other relevant questions to ask your New York estate planning attorney. Be sure to write those questions down before visiting your lawyer to ensure that you stay organized and cover everything during your initial meetings.

Source: US News, "5 Estate Planning Strategies to Keep Your Money in the Family," Maryalene LaPonsie, Nov. 19, 2015

No Comments

Leave a comment
Comment Information
  • 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
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: