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Will Lawyer
838 6th ave, 5th floor, suite 508M
New York NY 10001
(212) 624-2705
http://trustsandestate.com/
9 am - 9 pm every day
All cc, cash
Estate planning is a process that should ideally start when you are still fairly young, and continue
throughout your life. For most people, the first step is having a simple Last Will and Testament put in
place, and then from there, add additional options over time. As your estate grows and evolves with you
and your family, you will need to have trusts in place to help avoid probate, ensure privacy, prevent
contest, protect your assets, minimize expenses, and minimize/defer death tax exposure. Learn more
about Wills and trusts to see what type of testamentary planning you may benefit you and your family.
Will is the most basic form of estate planning that’s needed. Even very complex estate plans, require a
Will to be present in most cases since it serves as ideal way to complete certain tasks. Some activities
that Will can be used for include:
Name Guardians – If you have minor children, the Will is the way that you can specify who you would
like to become their guardians.
Name an Executor – You can name the executor of your estate in your Will so that the proper person is
responsible for collecting, managing and distributing your assets. Often, the executor is also responsible
for making tax-advantageous elections for your estate and beneficiaries.
Testamentary Trusts – You can use the Will to create trusts. For example, the Will could state that all
assets not covered by other estate planning will go into a trust for your descendants.
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