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Estate Planning

Carefully Prepared Estate Plans for New York Individuals

People spend their entire lives investing in and accumulating assets. At some point, they expect to pass those assets on to their family members, other loved ones, and sometimes to favored charities. With effective estate planning, inheritances can be passed on with minimal tax consequences. An experienced lawyer can assist with the tax planning and can help ensure beneficiaries’ rights are clearly defined in all estate planning documents.

The Objective of a Good Estate Plan

The objective of estate planning is to make sure a person’s property is distributed where he or she wants it to go, with minimal loss due to controversy and taxes. That means all documents in an estate plan must be comprehensively and precisely drafted. They must use language that is unambiguous and provide depth when addressing any unexpected events. The firm takes the time to carefully analyze the dynamics of each client’s family. We consider the consequences of second marriages, blended families and other details that require special accommodations. When we work with clients, we are thorough in our information-gathering. We conscientiously draft each document, provide an opportunity for all our clients to review their documents at their leisure, and we make as many revisions as are necessary.

Among the elements of a complete estate plan, the firm assists clients with:
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Wills

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Revocable Trusts

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Irrevocable Trusts

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Special Needs Trusts

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Living Wills/Advance Directives

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Health Care Proxies

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Financial Powers of Attorney, including enhanced powers for future asset protection

When the estate plan is complete to the client’s satisfaction, the firm presides over the final execution of each component document, making sure the process is correctly carried out and all necessary original and photocopy counterparts are preserved.