Estate Planning & Probate
Everyone should have an estate plan regardless of how much money they make. A well-thought-out estate plan not only lays out your wishes for how your assets should be distributed to your heirs and the courts, but it also shields your loved ones from undue stress and expense and months or even years spent waiting for your estate to be settled in probate court.
Having a good and secure estate plan includes:
Name Guardians of Minor Children
Establish Life Insurance
Have Potential Executors
Other legal Directives
Laws governing inheritance are always evolving. While drafting a straightforward will is possible, you must be aware of the factors determining whether a will is valid to avoid family members challenging it.
The estate planning and probate attorneys of Strazzullo Law Firm can help you determine an investment that can save you thousands of dollars in estate taxes as well as money now. A free consultation may well save your family from dealing with Probate Court and realize what you intended for those you love to have in the years to come.
Our experienced and expert estate planning attorneys can help you with full attention in the creation of your but not limited to:
- Will – The cornerstone of your estate plan is your will, which specifies how you want your assets to be divided. Estate planning in New York can be complicated, so you need an attorney who is an expert in New York law.
- Power of Attorney – The power of attorney allows someone to handle your business while you’re still alive. For instance, if you cannot handle your accounts or pay your bills, a financial power of attorney may help.
- Advance Health Directive – If you cannot consciously decide or communicate, an advanced healthcare directive lets the medical community know how you want them to manage your health-related decisions.
The Strazzullo Law Firm, can provide you with a New York estate planning attorney representing a firm that has been fighting for its clients for over 20 years.
Don’t choose just any estate attorney in NYC to help you in your estate planning and avoiding probate. Speak with a highly qualified New York estate planning attorney — contact Strazzullo Law Firm now.
A living trust is a type of legal arrangement that allows you to control how your assets are distributed after you die. Setting up a living trust yourself would lead to mistakes. Look for a living trust lawyer to help you.
Types of Living Trusts
There are two types of living trusts: revocable and irrevocable.
Revocable living trusts can be changed at any time. You can add or remove assets from the trust, and you can change the beneficiaries.
Irrevocable living trusts cannot be changed. Once you set up an irrevocable trust, you cannot make any changes to it.
Why Set Up a Living Trust?
There are several reasons why you might want to set up a living trust:
- To avoid probate: Probate is a legal process that happens after you die. If you have a will, your assets will go through probate before they are distributed to your beneficiaries. If you have a living trust, your assets can be distributed without going through probate.
- To protect your assets: If you are worried about your assets being taken away from you, setting up a living trust can help. When you set up a trust, you can choose who will manage the trust and how the assets in the trust will be used.
- To control how your assets are distributed: If you want to make sure that your assets are distributed in a certain way after you die, setting up a living trust can help. You can specify exactly how and when your beneficiaries will receive their inheritance.
Living Will and Trust Attorney
If you are considering setting up a living trust, talk to family trust lawyers. Lawyers can help you understand the different types of trusts and how they work. They can also help you create a trust that meets your specific needs.
At Strazzullo Law Firm, our family trust attorneys can help you set up a living trust that meets your needs. We will work with you to determine the best way to protect your assets and distribute them after you die. Contact us today to schedule a consultation in one of our offices in Brooklyn & New York, NY, Miami, Florida, or Napoli, Italia.
Elder Law & Medicaid
Elder law is a specialized area of estate planning. It deals with some of the many issues that people face as they grow older. Services included with elder law are things like guardianship, asset protection, powers of attorney, and Medicaid planning.
Medicaid is a medical assistance program offered by the government for recipients under a certain income level. Medicaid planning, with the help of a Medicaid attorney in Bay Ridge, will alleviate the worry about this difficult situation if you or a loved one are in need of long-term nursing care. Covering your long-term care out-of-pocket has a high cost that can cause dire financial discord later on.
Senior citizens usually obtain Medicare after retirement or sooner, depending on the circumstances. Medicare pays for doctors, hospitals, and prescription drugs but will not pay for long-term nursing home care or in-home care for elderly adults.
Every senior should have the expertise of the Medicaid attorney in Bay Ridge. Unforeseen and unfortunate health issues or accidental injuries can happen at any time and leave the senior in need of long-term nursing care.
When you need assistance with Medicaid long term care in Brooklyn, Strazullo Law Firm can help. We can explain Medicaid and the elderly, the qualifications, and the eligibility process. Since 2001, we have been providing quality legal services, professionalism, and skills to seniors’ need for long term care plans. We have offices located in New York, Miami, FL, and Napoli, Italy.
A Medicaid lawyer in Bayridge at the Strazzullo Law Firm is committed to their values of hard work and personal service, which is the foundation on which our firm stands. We can help senior citizens plan for disability, failing health, dementia, and other health conditions with their elderly law service. Call us today to set an appointment and let our Medicaid attorneys assist you with your long term care concerns.