Wills and Trusts
Wills & TrustsWhite Plains Mt Kisco Wills & Trusts
A will is an important part of an estate plan, and everyone should have one. Someone who dies without a will is “intestate,” and in New York State the laws of intestacy specify divisions of the estate that may not conform to the decedent’s wishes. Also, without a will, the court may require a property guardian for minor children.
The skilled attorneys at Shamberg Marwell Hollis Andreycak & Laidlaw, P.C. have years of experience drafting wills that are legally sound, tailored to your needs and can be part of the plan to help secure your family’s financial future.
Regardless of the size of your estate, a trust can be a critical part of your estate plan. Among their many uses, trusts can be utilized to protect against creditors (including Medicaid as a creditor), keep assets private and out of probate, maximize tax benefits, plan for minors and family members with special needs, facilitate planning for Medicaid, and provide a means for asset distribution and preservation.
Although one size never fits all, it is worth noting that the only type of Trust that will truly protect your life savings and your family home in the event of a catastrophic illness is an Irrevocable Medicaid Trust where the language of the Trust Agreement appropriately complies with the federal and state Medicaid requirements.
Whether your circumstances and objectives are simple or complex, please contact us today for a free consultation.