Some people need an estate plan more than others.
For example, if you are planning to leave your property to your wife and kids, you may not even need a will because they would get your property anyway – half to the wife and half to the kids.
But what if you want all of your property to go to your wife? Then you need a will.
And what if you want your wife to use the property during her lifetime and then the property to go to your kids? Then, my friend, you need a trust.
I am a New York City estate planning attorney, and I have seen all kinds of situations. If you are wondering if you need a will, a trust or nothing at all, I am ready to offer my honest opinion. You can give me a call at (212) 233-1233.
Here is what an estate planning lawyer can do for you:
Make a virtually contest-proof will
People with diminished capacity or a medical condition who can still make a will but are concerned that it may be challenged after their death need defensive estate planning. They need someone to make sure that the will is as solid as it can possibly be under the circumstances. More…
Minimize or avoid estate taxes
We offer many ways to minimize or avoid estate taxes. We can help you set up a variety of trusts, including bypass trusts, credit shelter trusts, charitable trusts, life insurance trusts, AB trusts. We can also help you form a family company to hold your family’s wealth estate tax-free, or set up an annuity to capitalize on long-term gains. More…
Plan for your own disability
The law allows you to leave directives for your family in case you will not be able to make your own medical or financial decisions in the future. This can be accomplished by having a New York City estate planning attorney provide you with a healthcare proxy, living will and financial power of attorney. More…
Protect your assets
We can preserve your wealth from the risk of being taken over by creditors. We do this by settling up various asset protection entities, such as trusts, family-owned companies, and annuities to protect your assets. More…
Provide for minors or the disabled
If you have minor children, you should seriously consider giving guardianship directions and setting up a trust for the children’s behalf. Disabled persons may need you to set up a special needs trust (also known as supplemental needs trust) to avoid losing their government benefits such as SSI and Medicaid after inheriting an estate. More…
Setting up a trust will save your family thousands of dollars in probate costs, as well as help you avoid other negative aspects of the probate process, such as its substantial delay and public nature. More…
Avoid disputes between current and past spouse
If you have been married twice, and especially if you had children with more then one person, you may avoid a serious family disagreement by setting up a will or a trust. As part of estate planning, you may require a pre- or post-marital agreement.
Call estate planning attorney Albert Goodwin, Esq. today at (212) 233-1233 for more information about an estate plan which is right for you.