Wills, Trusts and Estate Planning

You work hard all your life to save for your retirement, a rainy day, and to insure that you can pass your savings on to your loved ones. Worrying about estate taxes and ensuring that there is enough money to care for your family after you have gone and that the estate planning documents you created reflect your wishes properly should be the least of your worries.

An elder law and estate planning attorney can you help plan your estate through the use of wills and trusts so you feel confident that your wishes are executed properly and your family and loved ones are protected.

Protect Your Assets, Minimize your Taxes

Many people are unsure whether a Last Will and Testament (“Will”) is sufficient to accomplish their estate planning goals and objectives or if, for example, a Revocable Trust (“Trust”) is the more pertinent planning technique. A Will must be probated upon the death of an individual unless all of the assets of the decedent pass by operation of law (e.g. joint accounts or accounts having beneficiaries). A Trust does not need to be probated.  However, it carries an administrative burden during your lifetime and for a Trust to be effective all of your assets must be transferred to the Trust during your lifetime such as your bank accounts, house, etc. 

Whether you are planning your estate or want to create a Will or Trust,

Our Estate Planning Tools

Some of the Estate Planning tools at our disposal include:

• Revocable Living Trusts

• Irrevocable Life Insurance Trusts

• Irrevocable Medicaid Asset Protection Trusts

• Estate Administration

• Probate Proceedings

These are just a few of the estate planning tools at our disposal when addressing your planning and financial situation.

It is also important to understand that while protecting and preserving your savings are important, it is also important that your documents are in order to properly handle your health care and financial affairs.

Whether you currently have an Estate plan or have questions about your Estate plan, we have the experience and knowledge to help you choose the right plan to protect your assets and minimize your tax consequences.  Call us at 914-925-1010 (Rye Office) or 914-245-2440 (Yorktown Heights Office) to schedule a consultation or complete our online form.