New York Estate Planning & Estate Administration Lawyers
Both the young and the not-so-young alike should consider creating a comprehensive estate plan that minimizes estate taxes and respects their wishes regarding the distribution of estate assets. Estate planning deals with both taxable and nontaxable issues that a family faces.
At The Law Offices of Hugh Janow, LLC, we advise clients about estate planning, probate and estate administration throughout New York, New Jersey and Connecticut. Our firm creates estate plans for clients that address how their estate can be distributed in a manner that minimizes their estate tax liability. Contact us to set up an appointment with an experienced estate planning attorney.
Legal problems arise when people fail to execute wills or execute wills that obfuscate rather than clarify their intentions. We will sit down with clients to review their estate assets, devise the best way to distribute property to their beneficiaries, and create a plan that minimizes their tax liability. If you fail to create a comprehensive estate plan, the federal government and the States of New York, New Jersey or Connecticut may determine how your estate is distributed to your loved ones and you will increase the likelihood that the federal or state taxing authorities will collect a significant portion of your estate in taxes. Some of the tools we use include:
- Wills—last will and testament
- Trusts—revocable and irrevocable trusts
- Durable powers of attorney—specific and general
- Health care proxies
- Living wills—medical directions
- 529 Plans—as estate planning tools
Given that certain estates must pay estate tax, it is important to create an estate plan that shields them from as much tax liability as possible. We advise clients about the estate tax issues related to marital deductions, gifts, business succession plans, by-pass trusts, and other tax strategic planning.
In addition to both simple and sophisticated wills, we may recommend estate planning strategies that could include the drafting of the following documents:
- Life insurance trust
- Charitable remainder or lead trust
- Personal residence trust
- Grantor retained annuity or unitrust
- Self-cancelling promissory note
If disputes, such as will contests, arise, you can rely on our litigation attorneys to resolve the issues as efficiently as possible.
Contact The Law Offices of Hugh Janow, LLC, Today
At The Law Offices of Hugh Janow, LLC, we represent clients throughout New York, including clients in New City, Nyack, Suffern, Rockland, Pearl River, and the Hudson Valley. Contact us to schedule an appointment with a lawyer about estate planning.
