Protecting Your Assets With Wills And Trusts
According to Forbes, more than half of the U.S. population does not have an executable will in place or an advance medical directive should they become incapacitated or otherwise unable to communicate their wishes. Whether you are wealthy or of modest means, however, having a proper estate plan in place is one of the most important things you can do.
I am attorney John A. Tangredi, and I have more than 30 years of experience helping people just like you draft wills and set up trusts to achieve their goals. Call 914-461-5082 today to discuss the benefits of estate planning and learn how my services can help.
Why Should You Establish Wills And Trusts?
There are countless benefits to establishing wills and trusts. The most basic benefit, but also the most important, is that you will be able to control how your assets are distributed once you pass on.
Passing on without a will is known as dying intestate, which leaves the distribution of your property in the hands of the state. Rather than dictating where your property goes — including making contributions to a charity or leaving money to a child’s college fund — the state will distribute your property in accordance with New York law.
Other benefits of discussing your estate planning needs with an attorney include the ability to:
- Appoint an executor to follow the directions of your will
- Appoint guardians to care for minor children
- Lay out specific wishes for funeral services
- Minimize or avoid estate taxes, income taxes or capital gains taxes
- Avoid the lengthy process of probate (in certain situations)
- Distribute assets to beneficiaries over a period of time
- Detail your wishes for end-of-life medical care
Of course, these are just a few of the issues you and I can discuss as we develop your estate plan. I will work hard to ensure you make the most educated decisions possible and that we design an estate plan tailored to meet your unique needs.
Partner With An Experienced Attorney
Contact me online or call 914-461-5082 to discuss the importance of wills and trusts and learn how I can be of assistance. Located in White Plains, we represent clients throughout the surrounding area.