Wills And Living Trusts
Identifying The Estate Planning Tools That Meet Your Needs
Wills and trusts are fundamental estate planning tools. Not only can a will help provide you with peace
of mind that your wishes will be carried out when you pass away, but also a trust allows for the safe
transfer of assets while you are still alive and to bypass the time and expense of probate once you are
However, in order to have a will or trust function properly when it is eventually needed, you need an
experienced wills and living trusts lawyer from DeAngelus Goralczyk, PLLC, on your side to make sure
every detail is attended to and the document is executed properly.
What Are The Benefits Of A Will?
A will directs a specific person or entity (executor) to handle all aspects of your estate, including,
distributing your personal property, paying creditors, closing accounts and reporting to the court during
probate. A will also clearly identifies which people, charities or others (beneficiaries) should receive each
asset. Additionally, a will communicates your wishes concerning guardianship of your minor children and
other sensitive issues.
Without a will, your assets will be divided according to the New York state intestacy laws and may not
be distributed as you intended. A will is a cost-effective way to avoid this result. It can also avoid conflict
once someone has passed, which will save everyone involved time, money, stress and heartache.
Why Choose A Trust?
Our lawyers can also help you use testamentary trusts and living trusts to transfer assets, if this estate
planning mechanism is appropriate. Trusts have many benefits, including:
Avoiding the time, expense and public nature of probate by directly transferring an asset to an intended recipient
Assets can be transferred to another before someone passes away
Protecting children from a previous marriage
Ensuring financial needs of a minor are met
Estate tax, gift tax and income tax mitigation
Even as circumstances change, our attorneys are always ready to amend documents and provide
valuable insight about other options that will help you accomplish your estate planning wishes.
New York And Florida Probate Law Firm
When the time comes where estate and trust administration is needed, we help the executor file the
will into probate and ensure that the will is followed properly. We also help trustees and other
appointed representatives carry out the provisions of trusts.