Last Will and Testament & Trusts
Long Island Estate Planning Lawyer
Protect Your Estate through the Execution of a Will
If you die without a will or any other type of estate plan, your estate will pass according to the New York laws on intestacy. The process is typically time-consuming and could be potentially expensive and emotionally stressful for your loved ones. One of the greatest gifts you can give your family is the preparation and execution of an effective estate plan. A simple will can help them avoid stress, anxiety and even conflict.
At the Law Office of Bonnie Lawston, we have provided comprehensive estate planning service to people throughout Long Island for more than 20 years. We have a thorough knowledge of all the different tools available to help you meet your goals, including the use of wills. We will carefully assess your situation and identify your goals, and work closely with you to put measures in place that protect your estate and minimize the challenges for your heirs. We offer special discounts to senior citizens, and will come to your home to meet with you, if necessary.
The Preparation and Execution of a Valid Will
With an effective will, you can provide clear and specific instructions regarding:
- The distribution of property upon your death—You can make specific bequests, designating that certain items of property go to named individuals. You can identify charitable organizations that are entitled to some portion of your estate. You can also designate that all or some of the assets of your estate be sold, and the proceeds divided any way you wish.
- The payment of final debts and taxes
- The care of minor children, or of adults for whom you are the guardian or conservator
Attorney Lawston will evaluate your circumstances to determine whether your interests are best served with a simple will, or whether you should consider a pour-over will, where you designate that some or all of your assets be distributed to a trust upon your death.
Living and Testamentary Trusts | Revocable and Irrevocable Trusts | Special Needs Trusts
One of the greatest gifts you can give your loved ones is the creation and implementation of a clear and effective estate plan. With a trust, you can avoid the need to have your estate pass through probate, saving time, money and a lot of work for your beneficiaries. Because a trust creates a separate legal entity, the property you put into a trust does not change ownership upon your death, so there’s no need to put it through the probate process. At the Law Office of Bonnie Lawston, we have more than 20 years of experience helping people effectively plan their estates. We have a thorough understanding of the different estate planning tools, including trusts, and will carefully evaluate your situation, and work closely with you to implement the trust that best fits your needs. If a trust is not the best option to meet your goals, we will carefully explain all other options, so that you make the best decisions for you and your family. We provide special discounts to senior citizens, and will travel to your home, if necessary. Contact our office to set up a free initial consultation.
Our Trust Preparation and Execution Services
When you hire us to help you develop your estate plan, we will start by learning as much as we can about your specific situation. Attorney Lawston will carefully determine the details of your estate, as well as your objectives, to determine whether a trust will best help you accomplish your goals. We will gather all necessary information so that we can prepare and execute the trust that best fits your needs. We can help you implement:
- Revocable or irrevocable trusts—A revocable trust gives you the power to change it during your lifetime, but is still considered a personal asset for creditor and estate tax purposes. Assets in an irrevocable trust are not accessible to creditors or subject to estate tax.
- Living or testamentary trusts—A living trust goes into effect during your lifetime. A testamentary trust is typically created by your will.
- Special needs trusts (SNTs)—A special needs trust is typically set up for the benefit of an elderly or disabled person, so that they can qualify for public assistance benefits.
Out-of-State Executor Attorney
We represent clients nationwide, if you are a fiduciary (executor, administrator, or trustee) an heir or beneficiary of a New York estate. If the decedent died in New York or has assets in New York State, we can help you. If you are chosen to represent the estate or if you are receiving an inheritance from a New York estate, contact our law firm today.
There are Two Types of New York Estates
- The Decedent resided in NY at the time of death and their domicile is New York at the time of death; or
- There are assets located in NY, at the time of death, and an ancillary proceeding is needed. The Decedent may have died elsewhere
More information about out-of-state probate help.