Businesses VideoCouponsArticlesCategories//ADD BUSINESS


Estate Law in NYC - Wills, Trusts, Healthcare Proxy. Monika Ellacott Trusts & Estates

Monika Ellacott, Esq. I Attorneys, Lawyers
August 20, 2019

The Law Office of Monika Ellacott Trusts & Estates - Domestic Relations, Real Estate, Immigration, Civil and Business & Commercial Laws.

Wills

Will sets forth the directions with respect to distribution of your assets after death. Without properly executed will, the laws of intestacy will apply. Many clients assume that the laws of intestacy will suffice, but it is not always the case. A will can make you accomplish a number of prerogatives:

  • distribute your life time earnings to your loved ones,
  • designate the guardian for your minor children, and make sure that their financial needs are met,
  • provide for a person with special needs,
  • minimize taxes,
  • support a charitable cause.

Trusts

Trusts are based on the concept that the property is held by one party for a benefit of another.

The trusts avoid a lengthy and costly probate, and assure a privacy. Living trusts are created during the life time of the grantor. Living trusts can be revocable and irrevocable. The revocable trusts can be modified at your wish. However, the irrevocable trusts provide tax benefits but are more rigid.

Testamentary trusts are created in the will, they do not avoid the probate but provide tax benefits.

Healthcare proxy

Healthcare proxy is document in which you give the power to another person, for example a family member, to make medical decisions for you after you have lost the ability to make decisions yourself. By appointing a healthcare agent you can make sure that healthcare providers follow your wishes.

You may give the person you select as your healthcare agent as little or as much authority as your wish.

Ellacott, Monika, Esq.

Wills, Testaments, Trusts

100 Church Street, Suite 800
New York, NY
SHOW COMPANY PHONE
tel: Click phone# to call and tell them you found their ad in Polish Pages

ARTICLES OF THIS COMPANY

Find an article

FIND A COMPANY

Add your business to our directory

Do you have a business?

  1. Register an account
  2. Add info for easy finding
  3. Get new customers
ADD A COMPANY

Copyright © 1999-2024 POLONIJNA KSIĄŻKA, a Polish Pages, Inc. company. All rights reserved. While we have made every effort to ensure the accuracy and clarity of the information presented in this catalog, we cannot be held liable for any errors or inconsistencies. Unauthorized duplication of any part of this catalog is prohibited. These materials may not be published, broadcast, rewritten, or redistributed. The publishers are not responsible for the content of published advertisements, articles and comments. Opinions contained in articles express the opinion of the authors and do not have to be in accordance with the position of the publishers. All advertisements designed by POLISH PAGES, INC. are copyrighted and can only be used in POLISH PAGES, INC. publications.