ESTATE PLANNING
Family Protection Plans Are Needed By All Adults
Even young adults should have a power of attorney and health care proxy. Unexpected, serious, incapacitating accidents and illnesses can occur at any time. Once our children reach 18 years of age we no longer have the right to make their life and medical decisions. If they do not have a health care proxy and a power of attorney, we may well need to go to court to try to direct their care if they were to become incapacitated. This can be costly, take a long time and result in an undesired outcome. Recent, high-profile legal battles among family members over an incapacitated adult, demonstrate the importance of a health care proxy, power of attorney and living will. These documents can spare a family additional heartache when a serious illness or accident occurs to an adult of any age.
Parents spend countless hours providing and preparing for their children's futures -- one of the most important ways to protect your children is to determine who will care for them if the worst should happen. All parents of minor children should have a will in order to designate who will be the guardian of their children if they were to die. Parents know better than the courts the needs of their children and who is best suited to address those needs while raising their children, if something were to happen to the parent. Designating a guardian of minor children in a will provides peace of mind and can also preempt family disputes about who should become the guardian.
Married couples, parents and all other adults with assets need to plan for the distribution of their assets upon their death. If no estate plan has been prepared, the Surrogates Court will impose a statutory plan for the distribution of the assets in your estate. Frequently the statutory plan is not what you would have wanted and not what some of your loved ones need. No thought as to possible estate taxes has been taken into account by the statutory plan. By drafting a will, revocable trust, irrevocable trust or other devices you can direct the distribution of your assets as you want and as would best suit your family and other loved ones. An estate plan can also consider how to reduce or eliminate estate taxes.
Contact the Law Office of Robert L. Boydstun today for more information about Estate Planning or to schedule an appointment with an experienced lawyer.
Our Office Location:
Law Office of Robert L. Boydstun
15 Chester Avenue
White Plains, New York 10601
Telephone: (914) 946-8084
Fax: (914) 946-8085
Parents spend countless hours providing and preparing for their children's futures -- one of the most important ways to protect your children is to determine who will care for them if the worst should happen. All parents of minor children should have a will in order to designate who will be the guardian of their children if they were to die. Parents know better than the courts the needs of their children and who is best suited to address those needs while raising their children, if something were to happen to the parent. Designating a guardian of minor children in a will provides peace of mind and can also preempt family disputes about who should become the guardian.
Married couples, parents and all other adults with assets need to plan for the distribution of their assets upon their death. If no estate plan has been prepared, the Surrogates Court will impose a statutory plan for the distribution of the assets in your estate. Frequently the statutory plan is not what you would have wanted and not what some of your loved ones need. No thought as to possible estate taxes has been taken into account by the statutory plan. By drafting a will, revocable trust, irrevocable trust or other devices you can direct the distribution of your assets as you want and as would best suit your family and other loved ones. An estate plan can also consider how to reduce or eliminate estate taxes.
Contact the Law Office of Robert L. Boydstun today for more information about Estate Planning or to schedule an appointment with an experienced lawyer.
Our Office Location:
Law Office of Robert L. Boydstun
15 Chester Avenue
White Plains, New York 10601
Telephone: (914) 946-8084
Fax: (914) 946-8085
Contact The Law Office of Robert L. Boydstun
The Law Office of Robert L. Boydstun serves clients throughout the State of New York, including White Plains, Ardsley, Dobbs Ferry, Harrison, Hastings, Irvington, Scarsdale, Tarrytown, New York City, Manhattan, Brooklyn, Westchester County, Putnam County, Rockland County, Bronx County, New York County, Kings County and Queens County.
