The Necessity of Estate Planning And Wills

Estate planning and Wills can involve various degrees of complexity. You want to utilize them to achieve personal, family and tax objectives. An outright distribution of assets may only require a simple Will. If you desire one or more trusts you may need a testamentary trust provision in your Will. Alternatively, the Will may leave assets to a preexisting inter vivos trust (created in your lifetime), in which case it is called a pour over Will. From the simple to the complex, the purpose of estate planning and wills is to ensure that the testator's estate plan and goals are achieved and to provide for surviving family members, and minimize taxes.

In the event a person dies without a Will, state laws provide who inherits your estate. The preparation of estate planning documents avoids this result and the distribution of an estate to unintended beneficiaries.

I have many years of experience working with and advising clients in the creation and implementation of plans that effectively express the clients’ personal desires regarding the disposition and protection of assets while providing potential tax advantages and security for family and beneficiaries.

You can contact me by phone at (212) 355-2575 or fill out my contact form.