It is often difficult for most people to take the step of calling an estate planning lawyer to establish their wills and other wealth-transfer documents. However, contacting a lawyer to establish an intelligent estate plan is an extremely important step to take. Not only will a good estate plan protect your assets, it will also ensure that your wishes are followed after you pass on. A good estate plan can be a tremendous benefit to your family, as well. If you have expressed your end-of-life health care decisions, financial decisions and burial decisions in a clear and legally effective way, it minimizes strife and debate in the probate and estate administration stage.
With offices in Manhattan and Queens, we also serve clients in Brooklyn, lower Westchester, Nassau County and the entire New York City metropolitan area. Estate planning lawyer Deborah S. Ball has more than 25 years of legal experience. Many New Yorkers turn to the Law Offices of Deborah S. Ball for a wide range of simple wills and estate planning instruments.
Essential Estate Planning Documents
Many people come to the Law Offices of Deborah S. Ball for simple wills. A well-crafted will is the foundational document, essential to every estate plan. It allows you to pass on your assets to your loved ones, give to charities and choose the executor of your estate.
A trust is another estate-planning/wealth-transfer mechanism that can be beneficial for:
- Maximizing tax benefits: Simply willing all of your assets can be an inefficient approach, causing tax consequences that could be avoided with a trust.
- Retaining control: A trust document allows you to give assets in a way that specifies the purpose of the gift, how it should be used, when it should be distributed, and other important details. This is especially important for special needs planning for children who are becoming adults. With a special needs trusts, you can establish a trustee and specify the needs for which the money will be spent, which can ensure that your special needs child will receive the necessary long-term care.
There are other financial and non-financial long-term care planning documents — like advance directives for health care and finances, powers of attorney, and in some cases guardianships — that could help you establish a more effective estate plan.
It’s Easier Than You Think
We’ll help you through each step of the process. To speak with an experienced estate planning lawyer, either call or email the Law Offices of Deborah S. Ball.
Interpretation for documentation services available in several languages.