A Rochester asset protection attorney can provide assistance with making a plan to pass assets onto your loved ones after you pass away. It is important that you make the right plans to facilitate the timely and effective transfer of wealth. If you do not use the right legal tools, your assets could be lost and your loved ones’ inheritance could be reduced. It is also vital to make sure that your loved ones know exactly where your assets are that you hope to pass down after you pass away.
The Law Office of Michael Robinson, P.C. is here to help you to take the right steps to facilitate the transfer of your wealth after you pass away. Our legal team can work with you to make a comprehensive estate plan so your heirs or beneficiaries inherit the maximum wealth possible as quickly and effectively as possible without having to cope with stress once you are gone. A Rochester asset protection attorney at our firm can help you in many ways to ensure that your assets are protected as your wealth is passed on, including assisting you in making certain that your loved ones know exactly where your wealth is.
Why is it Important for Your Loved Ones to Know Where Your Assets Are?
There are many reasons why it is important for your loved ones to know exactly where your wealth is after you pass on. One of the key reasons is because if your loved ones do not know where your assets are, it is possible that some of your money and property may be lost or go unclaimed. Recently, for example, ABC News reported that the family of a person who passed away found more than $15,000 in unclaimed funds. The money had become lost towards the end of their deceased relative’s life and, had they not taken steps to try to track down unclaimed assets, it might have been lost forever instead of being handed down to heirs or beneficiaries.
An other key reason why you want to make sure your loved ones know where your assets are is because your family could otherwise be forced to pay professionals to try to track down assets that should be part of your estate. Your loved ones could be forced to hire a forensic accountant to try to find out if there is missing money and assets. If missing assets are discovered, your family could be forced to hire a private investigator to try to discover where your money and property are.
All of these experts can cost a lot of money to hire, and this could significantly reduce the value of an estate that should be passed on to relatives. And, unfortunately, there is no guarantee that even experts will find all of the wealth you own. You do not want to put your family into a position where they miss out on inheriting some of your property or where they have to spend a fortune and go through a long and complicated process to get an inheritance. To make sure this does not happen, you should work with an experienced attorney to make a detailed accounting of all of your assets, to ensure your loved ones know where your wealth is, and to facilitate the timely transfer of assets to heirs or beneficiaries after you are gone.
How Can a Rochester Asset Protection Attorney Help You?
A Rochester asset protection attorney at The Law Office of Michael Robinson, P.C. will work with you to make certain your loved ones do not have to spend money to track down assets after you are gone. We can also help you to make use of the right legal tools to facilitate the transfer of your wealth so your family can inherit the maximum value of assets possible.
To find out more about how our firm can help you to protect your money and property and make the transfer of your assets easy and cost-effective after you are gone, join us for a free seminar. You can also give us a call at 585-374-5210 or contact us online to get your plans underway.
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
- 10 Things You May Not Know about Alzheimer’s Disease - August 15, 2019
- The Importance of Communicating Your Plans - August 14, 2019
- How Can I Protect My Non-Citizen Spouse in My Estate Plan? - August 13, 2019