Estate Planning

Estate Planning Throughout Long Island and The Boroughs 

Estate Planning is important for every stage of life to lay out who and how much of your assets will go after you pass away. Without setting your own desires before-hand, the state will make that decision for you and your assets might not be distributed the way you desire. For this reason, it’s important to have a proper plan, and that’s where we can help. From planning your last will and testament, creating trusts, or assigning power of attorneys, we can help you create a comprehensive plan for your assets.

Contrary to popular opinion, estate planning isn’t just for the elderly, it is also important for young families, and anyone with assets to lay out and legalize their plans in case of an accident or any other hiccup in life, so that their families and wishes are taken care of.

Here are a few ways you can begin planning your estate:

Will & Testament

Lays out how you’d like your property and personal assets to be distributed after death as well as who has control over them. However, it isn’t enough as it only becomes valid after death, not during the case of incapacity or old age, which is where a trust or power of attorney can be helpful.

 Trusts

There are many different types of trusts and we can help you choose the correct one for your needs. Depending on the type of trust you decide on, they can give you a higher level of control of how and when your assets are distributed compared to a will. Specialized trusts can also put specific and special plans into place, such as creating a fund.

Power of Attorney

A Power of Attorney (POA) lets you give authorization to someone you trust to make legal decisions regarding your assets and medical care on your behalf in the case that you are incapacitated or otherwise unable to. This ensures that regardless of the position you are put in, you’ll always have someone who knows what you’d want to put your wishes into action should the need arise.