Trusts & Estate Planning: What is Estate Planning?

Alison Arden BesunderBlog Post, Insight

Contact:
Alison Arden Besunder
212-695-8100, ext. 289
[email protected]

What is Estate Planning?

An Estate Plan ensures that your needs, your families’ needs, and financial goals are met during your lifetime and upon your death.

A thorough and comprehensive plan would include:

  • A Last Will & Testament
  • A Power of Attorney
  • A Health Care Proxy
  • A Living Will
  • A Trust (depending on your needs).

Everybody needs an Estate Plan because it states how your assets are to be distributed upon your death through a Will and/or Trust and whom you would want to handle your financial and health matters during your lifetime with a Health Care Proxy, Living Will and Power of Attorney.

It is critical to have Estate Planning documents done by an attorney, even if you think you may not have a “taxable” estate. Leaving the administration of your affairs to chance without a will, or with documents not specifically tailored to your personal needs and circumstances, can lead to drastic and often costly consequences.


Goetz Fitzpatrick has been practicing law throughout the New York Metropolitan area and The Hamptons, since 1967. The firm has deep expertise in Construction and Real Estate, as well as Corporate, Bankruptcy, Trust & Estates and Labor & Employment. The firm’s office is located at One Penn Plaza, Suite 3100, New York, NY 10119, Telephone 212 695 8100.