Last Will and Testament
A last will & testament allows you to name an executor of your estate, it enables you to appoint a guardian for minor children, and it allows you to be in control of who gets what property and when.
The trust is an important estate planning tool. A properly created trust may provide you with asset protection, estate tax savings and even control how and when your assets are distributed to your heirs.
If you have a large estate, you may want to consider estate planning sooner rather than later. In most circumstances, you must plan for estate taxes if your estate is valued at over $6,000,000. It is essential to plan ahead to minimize the New York State and Federal estate tax. The estate tax savings can be substantial.
It is important to discuss what type of medication case you will receive in the event you are incapacitated. We can help you plan for the worst case – including preparing Power-of-Attorneys, Living Wills, and a Health Care Proxys.
It is possible to safeguard your assets from future lawsuit settlements and creditors! TBLO can help you protect your assets through methods such as investing in exempt property and placing real estate property in trusts.
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