ESTATE PLANNING

(Click here to watch Creating An Estate Plan video)

What is Estate Planning? The simple act of writing down a set of instructions as to what you want to happen to yourself and your assets when you’re incapacitated or after you pass away.

(Click here to watch Common Mistakes In Estate Planning video)

When people think of estate planning they might be looking at it from the perspective of what happens to my assets after I pass away. Estate planning involves financial issues, taxes, and preservation of wealth for your spouse or the next generation.
It also involves a lot of personal decisions. Are the assets to be divided equally among your children/beneficiaries? What happens when you’re incapacitated, alive, but no longer able to make decisions? Who makes those decisions? Your spouse? Your children? Which child? Are some members of your family more responsible than others? To some children live close and others faraway?
Lastly, there are critical end-of-life decisions that need to be made. A healthcare proxy allows you to designate members of your own family to make those critical decisions about life support or artificial hydration. A Living Will allows you to express in writing your instructions to your family about how you want to be treated in your final days.
When you don’t have an estate plan, New York State and the court system decides what happens to you and your assets.
There are ways that an estate planning attorney can properly write down a set of instructions so that your wishes are carried out. Some of the services we provide are:

Powers of attorney
Wills
Trusts
Healthcare proxy
Living will
Gifting

Contact us

To learn more about powers of attorney, wills, trusts, healthcare proxy or any of the other estate planning tools offered by our office call 914-862-0580 or 845-368-0845 or email us at info@davidparkeresq.com