Estate Planning

PROTECTING YOUR LEGACY

Wills, trusts and estate law gives you the power to make a plan to decide who will receive your money and property after you die. It helps to protect your assets if you become ill and allows you to choose the people you would like to be in charge of your money and property. It also gives you final say about difficult health and financial decisions that may come up during your life. 

Estate planning is where you decide about your personal and financial matters. A will is where your instructions are written down about who gets your money and property when you die and who you would like to distribute your money and property. Estate administration and probate are the court processes which allow people to distribute your money and property. If you have a will that lists who will get your property after your death, there will be a probate of your will after you die. If you do not have a will, it is called dying “intestate.” In that case, your property is given to certain people under New York’s laws of inheritance. This process is called estate administration. Administering an estate involves collecting the assets, paying the bills and taxes, and distributing the assets to the people entitled to receive them under the will. With the help of our experienced New York trust and estates lawyers, you can make well-informed decisions about your family and finances and put your plans into effect quickly and efficiently.

Setting up a living trust can not only serve as a means for bypassing the probate process, but also carries with it numerous other benefits, such as, privacy, protection of property from creditors, and preparation for incapacitation, to name a few. Our trusts and estates attorneys combine decades of experience with compassion and a client-centered approach to business, making this sometimes-difficult process easier on everyone involved. At Murphy Schisano & Rosado we have decades of experience dealing with highly complex matters, such as commercial transactions, trusts, estates, and real estate dealings.

Estate planning is an essential step to ensure that your end-of-life and incapacitation decisions are handled according to your wishes. It’s important to work with an attorney who can provide guidance and expertise in navigating the complexities of estate planning laws and options.