Jericho Estate Planning Lawyer
You Can Benefit from Our 30+ Years of Experience
Jericho is a hamlet located in Nassau County, New York. It is located predominantly in Oyster Bay with a small section in Hempstead. Many of the English families who first settled in Jericho were Quakers and many fled from prosecution in England and the New England Colonies. When these early-settlers came to Jericho, they sought a peaceful existence as farmers. Today Jericho has a population of around 13,500 and is served by the Jericho Union Free School District.
Whether you have children or grandchildren, own a business or have accumulated many assets over your lifetime, estate planning is a necessary and important tool that ensures that you are protected and your loved ones are taken care of. A comprehensive estate plan may utilize a variety of tools depending on the client's situation; for example, it may include plans for guardianship for minor children, it may include Medicaid planning, it may involve different types of insurance and it may utilize both a will and a trust.
We will carefully listen to you and evaluate your individual circumstances and draft an estate plan that maximizes the value of your estate and minimizes the tax consequences on the estate and your beneficiaries. With more than 30 years of experience, our Jericho estate planning attorneys are well-versed in all applicable New York State laws and works extensively with the local Surrogate's Court in Mineola.
Probate & Trust Administration: Your Legal Advocate
In New York, when decedents die with over $30,000 in assets, their estate will go into probate. When someone dies without a will, then the proceeding is called administration. For those who died with a Last Will and Testament, the person named in the will as the executor is appointed to carry out the wishes of the decedent and to act in the best interests of the beneficiaries and the creditors. Probate is handled in the Surrogate's Court, in the county where the decedent lived.
If you have been named an executor or a trustee, you will have a number of important responsibilities. We can help you identify the decedent's assets, pay off creditors' claims, file tax returns, provide accountings to the beneficiaries and divide the remaining assets to the beneficiaries. If a legal issue is to arise with a creditor or the IRS, or a beneficiary, we can provide you with the necessary legal representation to address the situation and resolve it effectively.
For more information about our legal services, please contact the Law Offices of Steven M. Adler, PLLC today.