Careful Preparation Of Wills And Trusts
We want to make certain our family and loved ones receive care after we are no longer able to take care of them ourselves. A well-drafted will and trust can ensure that our loved ones receive protection. It allows for us to set aside assets for each family member. These documents also make clear our intentions concerning passing on our estate. However, mistakes in the drafting of wills can be costly. The absence of a will or unclear provisions in a will or trust can result in unnecessary litigation, taxation and expense.
I am attorney Albert F. Pennisi. For over 45 years, I have represented individuals in Queens and New York City concerning a wide variety of probate concerns. This includes providing representation and services for estates of every size. Because of my extensive experience, I understand what you will require in preparing a will and trust. I will pay specific attention to your individual needs. I will then prepare for you the necessary documentation to make certain your desires and needs regarding your estate are accomplished.
The Importance Of Having A Will
By creating a valid will, you control how you wish your estate to be distributed. A will allows for you to appoint an executor who you trust to carry out your wishes. It also allows for you to provide direction concerning care for your children and stepchildren. Finally, a will can provide an inventory of all of your belongings. This prevents finances and assets from becoming abandoned or lost.
The Role That Trusts Can Play
Trusts can also have an important purpose. A testamentary trust used correspondingly with a will can help protect assets from taxation and expense. In certain cases, a trust can also prevent assets from having to go through the expensive probate process. It is also possible to design trusts in order to set aside finances for children with special needs. As there are many sorts of trusts, it is important to understand which one best suits your own particular situation.
As a trusts lawyer who has been practicing in this area of law for as long as I have, I can advise you regarding what options work best for you when it comes to drafting a will or trust. As someone who has for over 45 years represented clients in contested
probate administration and accounting matters in court, I understand how to avoid the sorts of mistakes that often lead to litigation.
Let Me Help You
To discuss your intentions regarding the preparation of a will or trust, please call Albert F. Pennisi, P.C., at 718-509-6344 or
contact my office online for a free, 30-minute initial consultation.