We are the Law Offices of James Yastion, PLLC, estate planning attorneys located in New Paltz, New York.
Have you addressed the necessity of having a proper estate plan in place? Are you confident that the estate plan you currently have takes advantage of all available options for avoiding probate or saving taxes or for ensuring the seamless transfer of your wealth? Are you concerned that your assets may be dissipated in a long-term care facility? As estate planning attorneys, we ensure that these and many other questions are thoroughly analyzed and addressed.
Our first aim is to determine the details of your current plan, then educate you in all of the options available, and then recommend and implement the plan that works best to meet your unique needs and goals.
We represent individuals and families in all aspects of estate, tax, business, and financial planning for estates. In estate planning, we provide and implement recommendations to our clients to ensure the orderly transfer of a client’s assets to subsequent generations with the least tax consequences. We are always conscious of the possible effects of planning on potential will or trust contests. We are also careful to take steps to formulate a plan that minimizes the risks of litigation.
Some of the documents that we will routinely prepare for clients include the following:
We will assist a client in the from most basic of estate planning to the more complex plans to avoid different types of taxes and for asset protection purposes. Some solutions for avoiding estate taxes or for asset protection including the following:
We are also very mindful of the existence and effect of retirement assets (401k, IRA, pension, etc.) on the estate plan. We will ensure that those retirement assets are distributed in accordance with the client’s plan while “stretching” the tax deferral for as long as possible, protecting those assets in a Conduit or Accumulation Trust when appropriate, avoiding income taxes, and sheltering the retirement funds from Medicaid.
Where clients own family businesses, we provide specialized estate and tax planning assistance in creating, capitalizing, managing, financing, and continuing or selling the business. Often times, effective estate and business succession planning utilizes Limited Liability Companies and/or Family Limited Partnerships as a component of an integrated gift planning solution.
Contact the estate planning attorneys at the Law Offices of James Yastion, PLLC at (845) 255-4400 to schedule an initial consultation to discuss your estate planning concerns.