5 results for tag: Wills
November 15, 2018
attorney, Business Agreements Attorney, Business Agreements Lawyer, Estate Lawyer, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Health Care Proxy, Medicaid planning, Power of Attorney, Probate Attorney, Probate Lawyer, trust, Trust and Estate Attorney, Trust and Estate Lawyer, trust attorney, trust attorney Armonk, trust attorney Briarcliff, trust attorney Katonah, trust attorney Somers, Trusts Attorney, Wills, Wills Attorney, Wills Lawyer
Estate planning is an important part of getting your affairs in order. During the estate planning process, you’ll need to decide if you want a will or trust. Look at some reasons why you might need a living trust. Then, you can hire a trust attorney to handle it for you.
Many people turn to an Armonk trust attorney to set up a living trust so they can avoid probate. If you have a will, it will have to go through probate, and that can take months or, in some cases, years. On the other hand, your assets can be distributed in weeks if you use a trust. Your trust attorney will set it up so the trustee pays your debts and distributes the ...
November 7, 2018
Business Agreements Attorney, Business Agreements Lawyer, Elder Law, Estate Planning, Estate Planning Attorney, GOP Tax Plan, Health Care Proxy, Medicaid planning, Personal Income Taxes, Power of Attorney, Probate, Probate Lawyer, Property Law, Trusts, Will Attorney Briarcliff Manor, Will Attorney Westchester County, Will Attorney Westchester NY, Wills, Wills Attorney, Wills Lawyer
Time and again, I see clients feel great relief when they write a will. They have chosen the executor who will take charge of their estate, named a guardian to care for young children (if needed) and selected a trustee to manage a trust they create – to protect assets or avoid probate. Things feel settled. That difficult task is done. Phew. It’s not too late to give yourself this gift. Contact us today to have this off your “to-do” list by the holidays.
You absolutely need a will if you want to provide for your significant other, best friend or favorite aunt. Otherwise, they will only inherit if they are named as an account ...
April 2, 2018
Business Agreements Attorney, Business Agreements Lawyer, Estate Lawyer, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Health Care Proxy, Medicaid planning, Power of Attorney, Probate Attorney, Probate Lawyer, Trust and Estate Attorney, Trust and Estate Lawyer, Trusts Attorney, Will Attorney, Will Attorney Briarcliff, Will Attorney Briarcliff Manor, Will attorney Ossining, Will Attorney Pleasantville, Will Attorney Westchester County, Will Attorney Westchester NY, Wills, Wills Attorney, Wills Lawyer
When you ask what will happen when you die, it’s not just an existential question. You want to know what will happen if you die without a will. There’s a myth that the government will take your assets, but that’s not true. Instead, your assets will be distributed to your heirs based on the laws of intestacy. To put it simply, your relatives will inherit your assets if you don’t get help from a will attorney. Fortunately, the law firm of Susan G. Parker, Esq. PC can help. Susan G. Parker offers estate planning services in Westchester County, including Briarcliff and the surrounding areas.
In the meantime, though, it’s a good idea to find ...
January 31, 2017
Estate Planning, Financial Planning, Probate, Retirement, Taxes, Trusts, Wills
Here is some more information about probate: Understanding Probate
What is Probate?
Probate is the legal process of petitioning the court to declare that a will is valid and appointing an executor to oversee the estate. The executor is the person chosen to carry out the wishes of the decedent. And the will provides instructions for what’s to be done.
Probate assets are typically assets titled in the decedent’s name alone. Common examples include:
Personal property such as furnishings, jewelry and collections.
Bank accounts or deeds to real estate, in the decedent’s name alone.
An interest in a business.
A life ...
November 3, 2014
Elder Law, Financial Planning, Probate, Trusts, Wills
When you acquire property (real estate, investments, etc.), what you pay for property you acquire is known as your “cost basis” or investment in the property. It is this number that becomes important when you determine the tax on any gain, when the property is sold. The basis rules become very important in estate planning. Here’s why: If someone gives you property, you get that person’s basis in the property, which is known as a “carry over basis.”
But if you inherit property, you get a basis equal to the property’s fair market value on the date of death. If you have substantially appreciated property, it may be better to hold it, ...