Regardless of your age or net worth, estate planning is a crucial way to ensure your assets are passed on as you wish, protecting your loved ones from taxes and providing for them when you’re no longer here. While that hopefully won’t be the case for many years, too many people delay this critical task until it’s too late.
Some people might put it off because they’re afraid of the complexity and think they won’t have time to do it the right way, but Ligh Law LLC–conveniently located at 250 West 75th Street and led by seasoned attorney, Columbia Law School graduate, and long-time Upper West Sider Peter Ligh–is here to streamline the process and give you the peace of mind you need.
Why You Need an Estate Plan
It’s a common misconception that estate planning is only for the wealthy. In reality, anyone who wants to secure their legacy and provide for their family should have a plan. Estate planning helps:
- Assign guardians for your children, ensuring they’re cared for by trusted people in your absence.
- Reduce estate taxes, keeping more of your assets within the family.
- Set up powers of attorney and healthcare directives, allowing trusted parties to make decisions if you’re incapacitated.
- Prevent disputes by clearly outlining how your assets should be distributed.
Navigating Estate Taxes
With the federal estate tax exemption set at $13.61 million per person as of 2024, most estates aren’t taxed at the federal level. However, this exemption will decrease significantly after 2025 unless new legislation is passed. Proactive estate planning is essential to take advantage of current laws and protect your estate from future changes.
Meet Peter Ligh: Dedicated Estate Planning Attorney
Peter Ligh has over two decades of legal experience in New York City, focusing on estate planning to safeguard what matters most—your family. He graduated from Yale College before going to Columbia Law School and has been an Upper West Sider since 1998. He and his wife raised their three kids in the neighborhood, all of whom attended P.S. 87.
Comprehensive Estate Planning Services
Whether updating an existing plan or starting from scratch, Ligh Law is equipped to assist:
- Drafting wills and trusts to reflect your wishes and protect your assets.
- Establishing powers of attorney and healthcare directives to ensure your decisions are respected.
- Assisting executors and trustees through the probate and administration processes efficiently and with empathy.
- Developing strategies to minimize your estate’s tax liabilities.
Don’t delay planning for the future. Contact Ligh Law here or at 917-363-7740 to schedule a consultation with Peter Ligh. And …
Join Attorney Peter for an exclusive free live webinar this Thursday, July 11!
Estate Planning 101: Protect Your Family And Your Assets
Thursday, July 11, at 11 a.m.
REGISTER HERE (link to Zoom registration page)
In this webinar, you will discover:
- How to name guardians for your children so they will always be taken care of by the people you want and the way you want, no matter what.
- The secret to avoiding the time, expense, and publicity of Probate Court.
- How to make sure your kids don’t get a big inheritance at 18.
And More!
