Estate Planning and Administration
Our own mortality is often a difficult subject for any individual to discuss, let alone prepare for. Notwithstanding, if you have an interest in controlling the allocation of your property (real or personal), the settling of your debts, or any last wishes at the time of your death, you should engage in the estate planning process. Further, in the event you pass away without first executing a Will, New York's intestacy statute (EPTL § 4-1.1) will govern the distribution of your estate. The intestacy statute outlines a list of scenarios in which your property will be distributed to certain individuals based upon their legal relationship to you; under this statute your property may not be distributed in accordance with your wishes.
Not only can the estate planning process allow you to control the distribution of your assets, but you can also create revocable or irrevocable trusts as well as testamentary trusts and guardianship provisions to provide for any minor children.
Our attorneys can assist with all of your estate planning needs, including:
- Review of existing estate planning documents
- Preparation of new estate planning documents, including Last Will and Testament, Power of Attorney, Health Care Proxy and Living Will
- Preparation of Revocable Trusts, Irrevocable Trusts and Testamentary Trusts
- Preparation of legal documents for filing with the applicable Surrogate's Court