Planning for our own mortality is never easy. However, the Law Offices of Jason W. Stern & Associates is here to help you through the planning of your NY estate and guide you and your family through every step of this emotional process. Our Queens probate lawyers have over 50 years of combined estate law experience handling estates for families just like yours.
Each year tens of billions of dollars in avoidable estate tax are paid to both the Federal and State government. This usually results when a family member fails to properly prepare for this event by seeking the help of a qualified NY trust and estate tax attorney to plan for the probate of their estate.
By utilizing simple estate law strategies, such as creating and preserving an original copy of your will in a safe place, you can prevent one of the biggest financial burdens one can place on their loved ones at an already difficult time.
When a person passes with a will, they are known as a testator. The will is quickly probated in surrogates court and the proceeds of the estate are distributed to the beneficiaries according to the testator’s wishes pursuant to the will. However, when someone passes without a will, it is known as intestate. An intestate estate must be processed through the administration office of the court which is a costly, lengthy process that becomes nothing less than a financial hardship for all involved. If you are navigating any of the NY probate courts, it is crucial that you work with an experienced and trusted NY probate attorney.
Although taxes are a necessary evil that allows our government to function, no recipient of an estate should ever have to bear a higher tax burden than they are legally obligated to. This is the area of NY trust and estate law that our firm is prepared to help you with. By utilizing a variety of strategies and tools such as various types of wills, revocable trusts and irrevocable trusts, we can limit your estate tax liability. These estate tools allow the proceeds of one’s estate to be probated efficiently passing as intended from one generation to the next.
Have questions? Need estate administration or probate court representation? Contact us now to discuss your legal situation.