New York Estate Planning Attorneys
An Estate is the entirety of a property, personal and real, owned by someone prior to distribution through a will or trust. Estate planning is a branch of law that involves the arrangement of an individual's estate, taking into account the laws of taxes, wills, trusts and insurance property. Estate planning is the process by which a person (or someone within their family with the individual's approval and consent) arranges the transfer of assets to beneficiaries and heirs. This gives legal rights to the beneficiaries to the property after the individual has passed away.
Do you need legal assistance regarding estate planning in New York? Our attorneys can help! Contact our New York Estate Planning Attorneys today.
Aspects of Estate Planning include but are not limited to:
- Wills
- Trusts
- Gift Tax
- Dynasty Trust
- Joint Tenancy
- Uniform Probate Code
When you're healthy and living, you can make decisions that involve your property and finances. If you should become incapacitated or pass away, the one way to ensure that decisions regarding these things are carried out the way you desire is through estate planning. Aside from creating a will, an estate planning attorney usually can minimize potential fees and taxes, and can also set up contingency planning which ensures that all wishes are carried out.
Many people confuse probate administration with estate planning. Although the two are very similar and are somewhat linked together, they also have their differences. Estate planning involves drafting wills and trusts and planning the distribution of assets and property. Probate administration, on the other hand, occurs after death and when a person's will is put into effect and asset distribution occurs.
Do you need legal assistance regarding estate planning in New York? Our attorneys can help! Contact our New York Estate Planning Attorneys today.
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