Your estate and financial situation is unique, which is why it is essential to obtain an experienced estate planning attorneys who will take the time to thoroughly review your family situation, goals, assets and financial circumstances, and arrive at an effective estate plan that suits your particular needs. Our law firm is prepared to help you achieve your specific goals.
A Last Will and Testament is a legal document that provides how personal property, monetary assets, securities, real property, and other possessions will be distributed after death. A properly drafted Last Will and Testament can minimize administration expenses and disputes among your beneficiaries. The Last Will and Testament may direct distribution of property to a spouse, to children, or to other heirs, after payment of legally enforceable debts, expenses and taxes. A "Pour-Over Will" may distribute property from the estate to a Trust. A Last Will and Testament may also appoint a family member, friend or institution as Executor, or personal representative, to carry out the terms of the Last Will and Testament in accordance with the laws of the State of New York. A Last Will and Testament may also be used to designate a Guardian for minor children and dependents.
There are times when we determine that due to the size and financial structure of the estate, a Trust may be appropriate to use as part of the estate plan. A Trust allows one individual to hold property for the benefit of another. There are many different types of trusts designed for wealth management, and trusts cover a variety of financial circumstances. Some estate planning avoids probate by passing assets outside of probate, often minimizing costs and retaining value. We take a unique approach to planning based upon each client's individual needs and desires. We strive to work efficiently with the client to achieve their goals and maximize the various benefits a proper estate plan can have.
Individuals who are aging or who have aging parents may need to make arrangements for future health care and assign responsible parties to manage affairs. We offer a variety of tools to assist in this process, such as Living Wills, Health Care Proxies, and Powers of Attorney.
Your First Step To Peace Of Mind Starts With A Phone Call
We want to help you achieve your estate planning goals. Call 212-953-2300 or email us to schedule a consultation.