Trust and Estates

Trust and Estates

Robust Planning Solutions Rooted in Tradition

Your desire to protect your assets and preserve your legacy is not unique. Your family, values, estate, and circumstances are unique. Our firm offers experienced attorneys who understand the techniques to create a comprehensive plan to accomplish your asset protection and estate distribution objectives.

From traditional planning to sophisticated solutions, including trusts, estate administration, will-based planning, and special needs planning, our office is equipped to address your desires, and any tax, family, or management concerns.

Please explore our website to learn more or contact our office to schedule your comprehensive consultation.  We are your established legal resource located in Elmsford, New York, and serving all of New York and New Jersey.

Trust Planning and Administration

You’ve worked hard during your life to build your savings and assets. As you approach your later years, you are probably considering how to pass your estate and values on to your loved ones. This is a process that can go painfully wrong if the right plan is not in place.

Ely J. Rosenzveig & Associates, PC is ready to serve your specialized trust needs with great care, sensitivity, and efficiency. There is a range of trust instruments and planning options to achieve your objectives, including:

  • Revocable trusts
  • Irrevocable trusts
  • Will planning
  • Asset and income protection
  • Medicaid planning
  • Gift and estate tax saving strategies
  • Financial planning for future needs
  • Providing for loved ones with special needs

Often the question arises, “what is the difference between a will and a trust?” Both allow you to name your beneficiaries and are important documents as part of your overall estate plan. Trusts, however, allow you to avoid probate. In many cases, especially when considering minor children, a will and a trust are needed. Factors and objectives that determine which is the best planning tool include:

  • Naming beneficiaries
  • Transferring property
  • Distributing property or assets
  • Avoiding probate
  • Maintaining privacy
  • Ability to modify or amend
  • Protection from creditors and court challenges
  • Guardianship for minor children
  • Avoiding conservatorship
  • Naming executor
  • Tax savings or deferral

There are many steps to take to safeguard an effective trust administration or settlement after your death or the death of a loved one. Post-mortem planning is required to settle the estate, reduce tax liability, and shift assets, as well as carry out your loved one’s wishes. However, it comes at a time when survivors are emotionally overwrought. We are there to shepherd you through this process with creative, and tailored planning strategies.

Contact our office in White Plains, NY, to learn more.

Estate Administration

When you or a loved one passes, the process of estate administration can be a heavy burden for the family. You don’t have to do it alone. Our firm focuses on estate planning in New York and New Jersey and guides you and your loved ones through this often difficult process so that everyone involved is comfortable and at peace.

We take the time to explain the estate administration process, roles, and laws and work to resolve any family disputes. We will also work with executors and trustees in setting investment goals tied to the assets of the estate, often in collaboration with your accountant, broker, or financial advisor.

If the need for litigation arises, we will advocate a wide variety of trust and estate disputes defending you or your loved ones during such proceedings.

Further, we offer families cost-effective mediation options for helping to resolve the most nettlesome issues that threaten to tear families apart in a most cost effective, streamlined manner that promises best-case solutions for all involved.

If you are looking for an estate planning firm to assist in estate administration, mediation, or litigation, we are here to help. Please contact our office for a consultation.

Last Will and Testament

Protecting Your Legacy: New York Wills and Estates Attorneys

Plainly stated, a will directs the allocation of your assets upon your passing. While it can be difficult to contemplate the events of one’s death, it is important that issues such as long-term care, tax, estate planning, and asset protection are reflected in a well-drafted will.

We work closely with you to determine how best to direct the allocation of your assets. Our vast experience and skills with trusts, wills, and estates enable our firm to tailor a last will and testament to your individual needs. Accomplished through testamentary disposition, or through testamentary substitutes such as trusts, joint-asset ownership with right of survivorship, and beneficiary designation in life insurance policies, annuities, or individual retirement accounts.

An individual’s will should also manifest the testator’s—the one directing the disposition of their assets upon death—moral and ethical values, principles, as well as hopes, dreams, objectives, and instructions for their survivors.

If you are located in New York or New Jersey, look to us. We can help you incorporate ethical will provisions that will make it a more personal, comprehensive statement of your legacy in all respects.

Special Needs Planning

Are you providing care for a child or loved one with special needs impacted with a physical, mental, or emotional disability? How will you ensure quality care for them when you die or are no longer able to provide their care needs? Planning for your loved ones is always important, and when you have a family member with special needs, planning becomes vitally important to safeguard their health, support, and financial security.

Properly drafted Special Needs Trusts or Supplemental Needs Trusts cover the costs for a variety of expenses, including medical, personal, transportation, maintenance, and daily living costs. Further, your instructions can be customized to dictate specific instructions, your loved one’s preferences, important care or diet instructions, and more.

Further, appropriate planning provides all this without compromising the eligibility of governmental benefits, such as Supplemental Security Income (SSI) or Medicaid.

Contact Ely J. Rosenzveig & Associates, PC to protect and design the right plan for your family.