Marchese & Maynard, LLP Estate Administration Lawyers in New York — Always Serving Our Clients’ Best Interests
Have you ever sat back and thought about everything you’ve earned in life — and how hard you worked to earn it? What many people fail to consider is how quickly it could vanish. Whether it’s through an unforeseen probate process, mismanagement, or unanticipated healthcare costs, it doesn’t take much for our assets to go somewhere we did not expect. This is a difficult reality, but it’s not one you have to accept. An estate administration lawyer in New York can help.
At Marchese & Maynard, LLP, we understand how important it is to safeguard your assets. We’ve seen far too many instances where a judge decided what happened to someone’s estate when they passed. We’ve also seen individuals face financial ruin due to unexpected expenses, incapacitating accidents, and a lack of asset protection. We’re here to help our clients avoid such issues. Contact us today to schedule a free consultation and learn more.
How May We Help You?
Why Do You Need a New York Estate Administration Attorney?
One study found that the average American leaves behind an estate valued at more than $700,000. This number can vary significantly depending on your circumstances — as shown by the fact that the median inheritance is just $69,000. Regardless of the amount, though, many people do not realize just how significant their estates are. And even when they do, they may not recognize that a judge will decide what happens to their assets without proper estate planning.
Of course, there are many do-it-yourself options out there. Couldn’t you use one of these? While this certainly is an option, actual legal professionals warn against going this route. Boilerplate forms do not consider your unique circumstances, but an estate administration lawyer in New York will do just that. It only takes one mistake for your estate documents to become invalid. Let a legal professional ensure this doesn’t happen to you.
What if You Die Without a Will?
Many people don’t realize just how important a will is. In some cases, they think they’ll get around to creating the document later. Sadly, America’s death rate has been climbing recently — even among younger individuals. We never know what tomorrow holds. However, it’s also possible that a person believes the law will properly distribute their assets in a fair way. Unfortunately, individuals in both these situations are often wrong.
If someone dies without a will, the courts will typically assign an administrator to handle the duties that an executor would’ve had. This may be someone you wouldn’t typically trust with your assets, and once you’re gone, you’ll have no way to lodge a protest. On top of that, your assets will be distributed as laid out in New York law. This could be done in a manner very different from what you’d do on your own.
If there’s one thing to take away from this conversation, it’s that you should create a valid last will and testament as soon as possible. Let our New York estate administrator lawyers help.
Can You Modify Your Will and Estate Planning Needs?
Our estate administration lawyers don’t just work with those who have only recently decided to plan their estates. Many of our clients come to us because they need help modifying or revoking prior legal arrangements involving their estates. Fortunately, very few things are set in stone when it comes to this area of the law. In fact, an irrevocable trust is one of the few estate planning tools that doesn’t allow for modifications.
What about everything else? In most cases, we can help you adjust your estate plan to account for your current situation. A codicil can be added to modify a will, but it’s often ideal to simply create a completely new document. This can minimize the risk of the will being contested. Most trusts can also be modified, and you can even revoke a power of attorney. Even if you’re unsure whether you have options, our estate administration law firm, may be able to help.
How Important Is Asset Protection?
Many people never hear the term asset protection until it’s too late. While this process can look very different depending on varying situations, it always boils down to safeguarding the monies and properties you’ve worked for. In some cases, it could mean shielding your bank account from litigation. For older Americans, it typically involves transferring properties so they can receive Medicaid benefits rather than exhausting their savings on medical expenses.
Regardless of your unique circumstances, asset protection may be one of the most important things you ever do. It could even be a primary focus of your will. After all, avoiding estate taxes and ensuring your money goes where you intend are certain strategies for protecting your assets. Unfortunately, this process can be complex and involve an array of legal maneuvers. That’s why you should speak with an estate administration lawyer today.
Why Choose Marchese & Maynard, LLP?
When you’re seeking an estate administration lawyer, you’ve got plenty of options available. Here’s why we think Marchese & Maynard, LLP is the right choice for you.
The Experience You Need
New York has more lawyers than many other states combined. However, not every attorney is right for every job. There are many different legal specialties. At Marchese & Maynard, LLP, we focus on estate administration, asset protection, and elder law. Our attorneys’ years of experience in these areas is a major benefit to our clients.
Local Experience That Counts
Experience is one thing, but it’s a local experience that really counts. Our law firm isn’t run by out-of-state attorneys with little knowledge of the area. In fact, Robin Maynard was the first female commodore of the Sea Cliff Yacht Club. This is our community. Our local experience means we’ve built relationships that we can use to simplify your legal needs.
Free Consultation
Many attorneys offer free consultations, but that’s typically not true for estate administration matters. Most lawyers require an upfront payment to review such cases. However, we don’t believe you should have to spend money just to learn your rights. That’s why our initial consultations are free.