New York Estate Planning Lawyer

Secure Your Legacy with Our New York Asset Protection and Estate Planning Attorneys

Do you know how your assets will be distributed to your beneficiaries at the time of your passing? Do your loved ones know how you wish to be treated if incapacitated? Have you appointed individuals to care for your minor children in the event of your death? At Novick & Associates, P.C., our experienced estate planning lawyers in NY can help you prepare for these and many other "what if" scenarios with comfort. We are here to provide you with the security that your loved ones will be given what you intend to leave them without any hassle or disagreements.

Meet Our Expert Estate Planning Team in NYC

As one of the leading law firms in estate planning and estate litigation in New York, our knowledgeable advocates have more than 30 years of estate planning experience and can provide the steadfast legal support you need to ensure your wishes will be honored at the time of your passing. With personalized attention dedicated to each estate case and an unshakable commitment to preserving your well-being, our NYC estate planning lawyers can walk you through the various legal processes of estate planning and help you move towards your future with peace of mind.

Estate Planning Essentials: What You Need to Know

In simple terms, an estate plan is a compilation of numerous legal documents and entities that all serve the collective purpose of determining how your affairs will be handled in the event of your death or incapacity.

While estate planning may sound like an activity reserved for the wealthy or elderly, anyone can benefit from creating a legally sound estate plan. Everyone has an "estate" that comprises everything they own and control, from bank accounts, vehicles, real estate, and personal belongings. Our New York lawyers can help ensure these assets are protected and distributed to the appropriate parties after you pass.

Our knowledgeable elder law advocates are equipped to handle all of your estate planning needs, including:

• Establishing guardianships
• Creating living wills and health proxies
• Drafting wills
• Establishing trusts
• Creating a Power of Attorney

A comprehensive and legally sound estate plan can allow you to minimize the hassle, estate taxes, and court involvement that would ordinarily be required to sort through these issues. Most importantly, an estate plan can help ensure your final affairs are not left to be decided by the state of New York in probate court.

Comprehensive Estate Planning for Every New Yorker

Whether you have a large or small estate, estate planning can benefit people from all backgrounds. You are doing more than managing your assets and properties during the estate planning process. You are making health care decisions, personal care decisions, instructions for your minor children, and many other aspects of your life.

Top Reasons to Have an Estate Plan in NYC

An estate plan is beneficial for everyone whether you have a small or large estate. An estate plan leaves nothing to chance and prepares for every situation in life and after.

Avoiding Probate in New York

The probate process includes validating a deceased individual’s will and assets. Avoiding probate is the most common reason people seek an estate plan and the advice of an estate planning attorney.

Reducing Estate Taxes for New York Families

The loss of an estate to state and federal taxes is a great reason for many people to set up an estate plan. Married couples can reduce or get rid of their estate taxes by setting up AB/ABC Trusts in their wills.

Beneficiary Protection Strategies in Estate Planning

By putting together an estate plan, you can protect your minor beneficiaries, and protect adult beneficiaries from bad decisions, outside influences, creditor problems, and divorcing spouses. By appointing a guardian in your estate plan you can protect your minor’s benefits.

Asset Protection Through Estate Planning

Once you know that a lawsuit is coming, it is too late to set up an estate plan to protect your valuable assets. Starting the process earlier in life can allow you to protect your assets for yourself and your loved ones without fail.

For expert estate planning advice in NYC, reach out to Novick & Associates, P.C. today.

Advantages of a Well-Structured Estate Plan

Consider planning out where your assets and possessions go, an estate plan not only protects you after death but during your life as well. It can benefit you in the following ways:

• Preserving Family Harmony: You can prevent family feuds and legal battles on who gets what.
• Cost Savings: Having a plan can save your family from legal expenses and not have to worry about probate.
• Decision-Making Clarity: You can save your family from making them make decisions that put your life on the line or heartbreaking decisions. You can specify how you would want the decisions to be made.

In the event you pass away without leaving specific instructions regarding your assets, properties, and health, either the courts or a loved one will have to make these estate administration decisions for you. When you have an estate plan in place in NYC, you have greater control over what happens to your estate and provide your loved ones with more peace of mind.

Choosing the Right Estate Planning Attorney in New York

It is important not to struggle with planning your estate alone. Estate planning documents need to be clear and precise to your wishes and compliant with state and federal law. In addition, many people can be involved in estate planning, including insurance agents and financial planners. Finally, changes in your life may mean you need to change your plan.

A lawyer in New York specializing in estate planning can help you communicate with all involved parties and keep your legal plan up-to-date. They can also assist you with unique financial and family situations, such as if you have disabled family members, a second marriage, high-value assets, or you own property in other states.

Expert Guidance for Your Estate Planning Journey in NYC

At Novick & Associates, P.C., our trusts and estate planning attorneys in New York City can easily guide you through the associated legal processes of creating and updating your estate plan. Protecting your well-being is our passion, and we are prepared to do everything within our power to ensure you and your family's assets are protected. With our compassionate support and unshakable dedication on your side, you can rest easy knowing your future is in good hands.