We are trust and will attorneys in New York City, protecting our clients since 2008. A proper estate plan not only provides for the transfer of your assets after death. It can also protect you while still alive. Hiring a knowledgeable New York trusts and wills attorney like us is the best way to preserve your legacy.
The key benefits of estate planning include:
An estate plan allows you to appoint someone to manage your affairs if you become incapacitated. This can be done through a living trust, power of attorney, and medical directive.
Avoiding probate allows the designated beneficiaries to immediately access the decedent’s property without the long and more costly process of probate. This can be done through the designation of beneficiaries in certain accounts and the transfer of properties into a living trust.
Estate planning strategies can protect your assets from nursing home costs and other risks. This provides security if long-term care is needed. A trust and wills attorney can advise on the different legal strategies available in preserving assets in cases of long-term care and disability, such as Medicaid Asset Protection Trusts, spending down countable assets, modern half-a-loaf strategy, and gift and loan transactions, to name a few.
With the help of an attorney, you can reduce your taxable estate through trusts, gifts, and other techniques.
There are several compelling reasons to work with a qualified attorney like us for your New York estate plans:
If you have a large estate, blended family, heirs with disabilities, or considerable assets, your situation may warrant specialized planning. We can provide customized solutions.
The intricacies of New York estate law create ample opportunity for mistakes by non-lawyers attempting DIY estate plans. We can craft documents that properly execute your wishes and avoid challenges down the road.
New York has unique laws governing wills, trusts, probate, taxes and more. We are well-versed in these laws and can create an estate plan that aligns with New York’s legal requirements.
We can provide a range of services, including:
In an estate planning session, we can review your assets and advise you on the best way to preserve your assets (in case you need long-term care such as Medicaid) and the most efficient way to transfer your assets upon your death. This may involve trust strategies, gifting, and utilizing exemptions.
We can draft a customized will that reflects your wishes and conforms to New York laws.
For advanced estate plans, we can prepare a living trust that helps you avoid probate and minimize estate taxes. We can advise whether an irrevocable trust is an appropriate strategy for asset protection, depending on your objectives such as Medicaid planning or removing assets from your taxable estate.
We can act as an executor in your will, or as a lawyer for your executor, guiding your will through the New York probate process.
It’s important to retain an attorney who best meets your needs. Here are some factors to consider:
We are well-versed in the nuances of New York probate, taxes and trusts.
We have a proven track record in will and trust preparation and estate planning.
We listen to your wishes and explain options in a clear manner.
We offer competitive rates and flexible fees.
Planning your estate is one of the most important steps you can take to protect your legacy. Should you need legal representation, we at the Law Offices of Albert Goodwin are here for you. We are located in Midtown Manhattan in New York City. We cover Manhattan, Brooklyn, Queens, Bronx, Staten Island, Nassau County, Suffolk County and Westchester County. You can call us at 212-233-1233 or send us an email at [email protected].