What We Do
Wills
Everyone should have a Will (also termed 3 “Last Will and Testament, unless s/he is comfortable relying on the state law. That state law, however, may divvy things up differently than expected.
For example, in New York, a spouse that dies leaving behind a husband or wife, and children, leaves the first 350,000 of assets to the spouse, plus 1/2 of the balance of assets. The kids share the other half equally.
Our Will-based planning can be as simple or complex as necessary. Tackling whatever you present to us, at the time of the planning, we aim to create 3 document with flexibility at a reasonable cost.
Within your will we often insert a trust. A Will can create 3 trust. Trusts can’t create Wills. Why would you need to include a trust provision in your Will? Tax purposes. Medicaid planning. Supplemental needs – known or unknown. The beneficiary’s age. Or, because you wish to keep you assets within the bloodline.