Planning for your own disability or death is not something that many people look forward to doing. However, it is essential, particularly if you have young and/or disabled children, older parents, you or your spouse face the possibility of requiring nursing home care, you own real estate in more than one state or you have assets valued over the New York State or Federal estate tax exemption amounts.
At The Law Offices of Joseph A. Marra, PLLC in Yonkers, the Bronx and Somers, NY we are experienced, knowledgeable and compassionate. We will help you to think through the process and devise a comprehensive and understandable estate plan. Mr. Marra as an advanced law degree from NYU in Taxation and has lectured to community and professional organizations on Estate Planning, Elder Law, and related subjects.
Secure your family’s financial future with proper estate planning. We have 30 years of experience helping families draft their Wills and create Trusts, and advance directives such as Living Wills and Health Care Proxies as well as Powers of Attorney. We will help you identify your assets and develop a plan that best suits your needs. We can also notify you about the tools you can use to transfer those assets during your life and death. We will prepare a comprehensive Power of Attorney suited to your needs. We strive to preserve flexibility for the individual prior to death and to make it as easy as possible for the family after your passing.
If your estate is potentially subject to the federal of New York State Estate Tax, we can help you plan so as little estate tax as possible is paid, leaving more for your family.Learn More Here Senior Downsizing Guide
Estate planning services involving:
One’s Last Will and Testament is a written document that indicates how your property will be distributed at the time of your death. It can be changed throughout your lifetime. It allows for the appointment of a guardian for minors. Trusts can be set up in your will which only become effective after your death.Learn More Here
A Living Trust provides both lifetime and after-death property management. Upon death or incapacity, the successor trustee and/or co-trustee can manage the trust property. Court intervention is not required, which can save you and your heirs the expense and inconvenience of probate. The Trust must be properly drafted and properly funded to be effective. We gave experience drafting all kinds of trusts and can advise you how to fund, operate, and properly maintain your trust.
Estate Administration Services
Our team can assist executors and administrators collect and manage the assets of the deceased as well as helps determine the validity of claims made against the decedent’s estate. Probate, (or if there is no will administration), involves gathering assets in the decedent's name alone, paying the decedent's debts, and then distributing the remaining assets to those outlined in the Will, (or if there is no will, pursuant to State law).