Administering an estate entails gathering assets, paying debts and taxes, and distributing assets to those entitled to them under the will. Although a lot of people believe that estate planning is something that only happens in later life, the truth is that it is never too early to begin.
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Trusts are a fast-growing area of the law, and a skilled trust lawyer works with clients on estate planning, estate management throughout life, and estate disposition at death. Trusts, wills, and other estate planning agreements can be quite beneficial. Trusts can assist in making sure that your assets are appropriately held and managed for your family's future usage. The use of advance directives like powers of attorney and health care proxies is also advantageous.
A trust's assets may be utilized to cover the expenses of its named beneficiaries' education or medical care. A trusts attorney can add trusts as a clause to your will or create them as a separate legal entity. Occasionally, using trusts to circumvent the probate procedure or to reduce estate and income taxes may be useful.
With so many options to plan your future, it may seem daunting, however, with the help of our experienced New York State trusts and estates attorneys, we can help you decide on what’s best to plan out your and your family’s future. We will make sure you understand how the legal system works and keep you directly involved in the process, so your needs and goals are adequately addressed. Our trusts and estates attorneys have assisted individuals throughout New York State, including Albany, Binghamton, Buffalo, Manhattan, Rochester, Syracuse, Saratoga Springs, and many others.
Our trusts and estates attorneys draft wills and other wealth transfer papers for clients with diverse family circumstances and levels of wealth. We assist clients in the selection and creation of agreements ranging from generation-skipping trusts for grandchildren to special needs trusts meant to ensure continuing Medicaid eligibility, while always keeping in mind the constantly changing regulations governing wealth transfers and taxation.
A short list of the areas Tully Rinckey can assist you with when it comes to managing your trusts and estates include:
Estate planning can be a challenging and daunting process. There are several things to consider, and there are frequently a variety of solutions available, each with unique advantages. You can lessen some of that stress with the aid of New York trusts and estate attorneys. They will make certain that you are aware of all of your possibilities. They can help you completely comprehend each step of the procedure and can aid you in drafting a will or any other legal documents you might require for your estate plan.
A New York estate lawyer will be familiar with the law and the procedures for administering an estate. They understand what is and is not allowed by the Court, and they will remind the executor or administrator of any estate administration deadlines. They may also assist the executor in settling disputed claims.
In New York, when a loved one passes away and leaves behind property, their estate frequently needs to go through the court-managed probate procedure. By helping you with the legal issues that occur after the death of a loved one, a skilled lawyer may be able to lessen the strain on your family at this difficult time.
When it comes to estate planning, it is critical to select a lawyer who has both the technical understanding and the practical experience to assist you to achieve your goals while minimizing the danger of costly family litigation. In order to be able to offer advice and guidance when necessary, Tully Rinckey places a strong emphasis on building long-lasting relationships with our clients.
As your representative, we would be an ally who would help you see beyond the moment. In order to create robust estate plans that will benefit our clients and their loved ones for many years to come, we work with clients to proactively plan for prospective changes and handle them as they emerge.
No matter the trust or estate management issue you face, our legal team is dedicated to providing you with high-quality, affordable estate planning and elder law services. We assist individuals throughout New York State including in areas such as including Albany, Binghamton, Buffalo, Manhattan, Rochester, Syracuse, Saratoga Springs, and many others. Let us help represent you today.
To schedule an initial consultation with a member of our experienced team, contact us 24 hours a day, 7 days a week, at 8885294543 or info@tullylegal.com. You can also book your consultation online via the link below.
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When you choose Tully Rinckey PLLC, you aren’t just assigned an attorney. Your legal matter will be cared for by our entire legal team and support staff. With offices throughout the United States, we make sure you receive legal counsel and representation you can trust.
At Tully Rinckey PLLC, our commitment to quality never ends. We listen to your legal concerns, counsel you on your legal issues and represent you in legal proceedings. Our already knowledgeable attorneys are continually learning more, developing their resources and honing their skills. We make ourselves accessible to you at every turn, committing to be your long-term legal partner.
Our highly knowledgeable law team comes to the table with attorneys who have 20 to 30 years of experience representing hundreds of clients. With hundreds of years of combined experience in appellate, international and U.S. business and corporate commercial law, litigation, criminal law, immigration, bankruptcy, employment law, estate planning, our team has what it takes to ensure your success.
Our client-centered process is all about communication. During consultations, we teach clients about legal challenges they face and explain options available from their current position. Our attorneys explain how we resolve legal issues for the best possible outcome. We define what the expectations are, create manageable deadlines, and discover evidence to support claims.
