Bar Certified Attorney, An Estate Lawyer is one who takes care of Real Estate Planning and advises clients on drafting and execution of legal documents such as wills and trusts. Estate Law is closely associated with Family Law, as Estate Lawyers in Queens, NY work closely with individuals involved in the estate. They are well versed with the transfer of fixed assets from a particular individual to an actual heir or beneficiary as mentioned in the deceased will.
Estate Lawyer in Queen, NY are proficient with ways and means to reduce tax liability that may arise on the transfer of an estate. Any restriction or control over fixed asset has to be taken care of by Estate Lawyer in such manner that last wishes of a descendant are taken care of. Additionally, they also take care of ancillary activities like insurance and charity. They are further expected to have a stronghold in federal tax laws, property and tax laws. They need to have good liaison with Insurance and Financial Managers. If any case makes its way to Probate Court, Estate Lawyers would be responsible for litigation.
A typical Estate Lawyer in Queens, NY must attend Law School and pass State Bar Exam. However, a major part of their skill set is acquired through on the Job Training, proper mentoring and practical exposure. He is also expected to have sound knowledge of the Uniform Probate Code, which outlines limitation and rules over trusts and wills.Their average salary or in hand take away is determined by location, size of firm and experience.
Estate Lawyers in Queens, NY are mostly hired by Retirement Population, who wish to document their will or wishes with regards to their assets and liabilities. With decent growth of affluent retirement class at Queens, NY, Reputed Estate Lawyers are in heavy demand to take care of assets post their passing away most fruitfully and satisfyingly.