Estate planning is the process whereby individuals and families develop a plan that ensures that the assets they have worked so hard to accumulate during their lifetime are protected at their death and distributed as they choose. Without proper planning, the Internal Revenue Service (IRS) or the New York State Department of Taxation and Finance may stand to “inherit” a large portion of the assets of many families. Having an estate plan is a good idea for everyone, regardless of his or her age or health condition. With the proper documents, we can create an estate plan to address your concerns about receiving proper medical treatment, minimizing estate tax, leaving money to charities that do important work and transferring ownership of a family business in an orderly fashion. We can draft documents to accomplish these ends, including:

Durable powers of attorney,

Health care proxies,

Wills and testamentary trusts,

Revocable and irrevocable trusts,

Family limited partnerships, and

Life insurance trusts

 

We also provide comprehensive legal advice to our clients in the areas of:

Home and asset protection planning,

Medicaid and Disability planning, and

Long term care planning

 

If you could benefit from a carefully drafted plan to preserve your assets, provide for your family, or address business concerns and transitions, you should talk to one of our attorneys. We can help you through the process efficiently and effectively. Contact Futterman, Lanza, & Block, LLP, through this web site or call 631-979-4300 to set up an appointment.