Wills • Trusts • Estates • Estate Planning • Powers of Attorney • Probate of Wills • Administration of Intestate Estates • Estate Litigation • Living Wills • Health Care Proxies
Many people mistakenly believe that estate planning is only for the wealthy. In fact, if there is real estate, bank or retirement accounts, or automobiles that will need to be transferred to your heirs on your death, the State of New York imposes its own estate plan on you by requiring that an "administrative" proceeding (that is, one not governed by a Will) be filed in the local Surrogate's Court. The difference between an administrative proceeding and a probate proceeding governed by a Will is that, in an administrative proceeding, the Court will appoint someone to administer your estate according to the law, not according to your wishes. Furthermore, if you have young children and both you and your spouse are deceased, the Court will appoint a guardian to care for your children and manage their assets. These important decisions will be made for you, perhaps by a stranger who knows nothing of your family's particular needs and issues. Don't allow this to happen to you and your family!
At the law firm of John N. Fath, P.C., our attorneys and staff have over twenty-five years of experience with estate planning. We take the time to get to know you and to understand your particular situation so that we can properly advise you on how to protect your assets. Regardless of your circumstances, you can benefit from cost-effective legal advice that will ensure that your worldly goods will be passed on to your heirs with as little intervention from the legal system as possible.
You can save a lot of anguish, heartache and potential hard feelings between your loved ones by planning now for how you want your assets managed when you are no longer able to manage them yourself, for how you want your property to be divided when you are deceased, and for how you want your children cared for in case both parents die.
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The attorneys at the law firm of John N. Fath, P.C. will help you create a solid estate plan that will provide for your loved ones and protect the assets you have worked so hard to accumulate. For people with young children, we will help you draw up a Will where you can name a guardian who will raise your children and manage your assets on their behalf should both parents die. And everyone, especially those approaching retirement age and the elderly, should have a Living Will and a Health Care Proxy prepared and legally executed so that your loved ones will know what to do in case of catastrophic illness or accident.
Call or email us today to discuss how we can help you plan for your family's future.