The Law Offices of Ann L. Russo

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The Malverne Hearld March 31 - April 6, 2011 Article

A living trust is a legal document that contains your specific instructions as to what should happen to your assets when you die. A living trust generally avoids probate at death as the trust controls its own assets - not the court. If you only have a will, you will have to go through the delay and expense of probate, which could take years. Protect your assets and get a living trust.

The New York Health Care Proxy Law allows you to appoint someone you trust to make health care decisions for you. This could be a family member or a close friend. If you lose the ability to make decisions yourself, by appointing a health care agent, you can make sure that health care providers follow your wishes. Everyone over 18 should have one. Call us at 516-825-1111.

Why a Living Trust? Your estate will transfer quickly to your heirs upon your death, without the delay and expense of probate. If you're married, you can lessen or even cut out estate taxes for your family to pay. You'll avoid a guardianship if you become ill or incapacitated, so your estate will run has you directed. Also, avoid spending down your assets in the event of a catastrophic sickness or nursing home stay.

Ann L. Russo is a trustee of the board for the Malverne Merchants and Professionals Association.

What can estate planning do? It can minimize estate taxes while maximizing the assets that you pass on to your heirs. You should do a last will & testament, along with trusts that take into consideration guardianship issues of minor children. Consider a living will, power of attorney & health care proxy in the event that you are incapacitated & need someone to make decisions for you. For more info call 516-825-1111.

A will allows you to leave your property to those you care for and love. Your estate consists of assets and property. Property refers to all bank accounts, homes, land, furniture, automobiles, and securities (stocks & bonds). For general purposes, New York laws allow you to dispose of your property as you wish. Contact us to do your will today!

Doing a will is an important step in planning the division of your estate (assets including real and personal property) following your death. In the state of New York, wills allow for any children, your spouse, other family members, and pets to be provided for after your death.

Special Program: Wills, Health Care Proxy and Living Will for only $350.00. Call 516-825-1111 to make an appointment today!