New York Living Trusts
Establishing a living trust offers several advantages. First, it allows a person to pass property to his or her beneficiaries outside of the probate process. This can potentially speed up the distribution process from several months to several weeks, and spare the estate from spending money on costly probate administration expenses.
Additionally, certain living trusts may be structured to minize the impact of estate taxes. Contact us if you have questions about living trusts or want to discuss whether a living trust would be appropriate to meet your estate planning objectives.Living Wills
Living wills (advance health care directives), financial and legal powers of attorney are critical legal documents that everyone should have. If you are injured or become so ill that you cannot formulate or communicate your desires, these documents give trusted friends or family members the legal ability to direct your healthcare and manage your affairs. The Law Offices of Stephen Bilkis & Associates, PLLC can draft these important documents so that you will be prepared should you become incapacitated.
Read our Probate Roadmap to better understand the probate process.