While the future may seem far away, you never know what it can bring. As the recent situation facing the entire world with COVID-19 has shown, it is important to be prepared for events that you have no control over. The Law Office of Corey J. Rossi can help you protect your property and your loved ones by being prepared for the future.
The Law Office of Corey J. Rossi can help ease your mind about what will happen to your property and assets when you pass away, and ensure that all of your property and assets are distributed to those in accordance with your wishes, not New York State’s. The Law Office of Corey J. Rossi will help navigate the ever-changing legal landscape as it pertains to estate planning and elder law to guarantee that your family will be protected when you are no longer here to protect them on your own. We can also work with your other trusted advisors (CPAs, financial planners or insurance agents) to ensure that all of yours and your family’s needs are being addressed.
Some of the services we provide include the following:
Preparation of your will (legal document that sets out how you want to distribute your assets after you die).
Preparation of your health care proxy (legal document that sets out how you want your medical decisions made if you no longer have the capacity to do so on your own).
Preparation of your power of attorney (legal document that sets out how you want other decisions, including financial, made if you no longer have the capacity to do so on your own).
Preparation of a trust (legal document that provides another person with control over your property for the benefit of another).
Preparation of documents that will control what happens with your minor children if something should happen to you.
Guide your will through probate (the process that will distribute your property in accordance with your directions in the will upon your death).
Evaluate ways to help you better plan your assets to avoid estate taxes upon your death.
Consider ways to long-term plan with respect to Medicaid and how your assets will be impacted as it pertains to nursing homes, assisted living or memory care.
Providing advice on other services that may impact seniors and their loved ones.
Do you worry about what may happen to your family in the event of your death? Do I even need a will? Won’t everything just go to my spouse?
Below are just a few reasons why you should have a will:
Your testamentary assets will be distributed in accordance with your wishes rather than in accordance with the laws of intestacy. Without a will, your property is going to be distributed in accordance with New York State law, not your final wishes.
To nominate executors, trustees, and guardians and to grant these fiduciaries appropriate powers and discretion. This way, you are picking the people you trust the most to handle your most personal affairs after you have passed away. Otherwise, it may be in the hands of a judge to decide who makes those decisions on your behalf.
To simplify administration of the estate by providing for pre-residuary and residuary bequests, the non-apportionment of death taxes, management of property vesting in a minor, and much more. This can make the process of settling your estate significantly less expensive and in total alignment with your wishes.
Losing a loved one is an incredibly emotional time. It is important that your family can spend that time honoring your memory, not battling with each other (or others) over how your assets should be distributed. You have worked hard your whole life and deserve to control where your property goes upon your death. Contact The Law Office of Corey J. Rossi to draft your will and inquire about other important estate planning documents, including trusts, powers of attorney, and health care proxies.
Call our law office today to schedule a free consultation to get started on your real estate transaction.