Tools That Protect Your Assets Today And Your Legacy Tomorrow
Wills and trusts are powerful estate planning instruments that can help you safeguard the people and things that matter most. Although there are do-it-yourself estate planning templates online, designing these documents on your own can create legal headaches down the road.
These legal tools are the most effective when they are drafted by a skilled attorney who understands how New York laws affect your goals. For over 70 years, Bailey & Bailey, LLC, has provided exceptional estate planning services to individuals and families throughout Long Island and Queens. We have the insight you need to protect your assets today and your legacy tomorrow.
Creating A Strong Foundation For Your Estate Plan
Depending on your circumstances and goals, your estate plan can include just a few legal documents or many. Whether they are simple or complex, however, most estate plans contain a will or trust. Our legal team is qualified to help you determine which estate planning tool best serves your needs.
What To Know About Wills
A will is a legal document that identifies how you would like your assets and property to be distributed after you die. It can also name the individuals responsible for settling your estate or serving as a guardian for your children.
Dying without a valid will can create a host of problems for your loved ones. When you retain our team, we will take the steps necessary to ensure that your last will and testament is enforceable.
The Benefits Associated With Trusts
Although your will shares your preferences for asset and property distribution, a trust can help you hold the funds that you wish to pass on to your family members, institutions and other beneficiaries. Trusts can also be used to avoid probate, shield your assets from creditors and reduce your tax obligations.
Our team is well-versed in trust creation and administration. We can help you determine which type of trust will achieve your objective today so that your legacy can endure in the years ahead.
Talk To Us Today
Do you need help designing or updating your will or trust document? We offer free phone consultations to all our potential clients because we want you to have the information you need to protect your legacy.