New York's Prominent Estate Planning and Probate Attorney in the Bronx

Estate planning refers to planning, arranging, and organizing the distribution of one’s property and assets at the time of their death. The estate can include items such as bank accounts, cars, jewelry, real estate, and any property that is both tangible and intangible. An estate planning lawyer in the Bronx will help you determine how you wish to distribute your estate and to whom.

The purpose of estate planning in the Bronx is to prevent disputes, lowering taxes, and to avoid any potential risks or events that can occur with the distribution of property. Estate planning also allows the person to decide how they want to distribute their property after death.

Estate planning and will planning are different methods. However, these two methods, while different, can work together. Drafting a will is a method used in estate planning, but estate planning does not just include wills. An estate planning lawyer can help you plan your estate through other means, such as power of attorney, trusts, and healthcare proxies.

Yes, if you live in the Bronx, the Morgan Legal Group can help. Estate planning is an important part of securing your property for after your death. Furthermore, while there is a cost to estate planning services, our team offers a free consultation so you can see what will best serve you.

Yes, an estate attorney in the Bronx will be able to tell you the difference between a will and a trust and which is best for your situation. A will and a trust are different entities and serve different, but complimentary, purposes. The main difference between them is that a trust is put into practice and is effective immediately while the grantor is alive. A will is only effective once the testator has died, and the property has gone through the probate process.

If someone dies without leaving a will then the estate is considered intestate. When this occurs, the property must be distributed through the laws of intestacy of the state in which the decedent lives. In the Bronx, if the decedent has a living spouse, then the spouse would receive a portion or the entirety of the estate, depending on whether children are involved.

A trust offers several benefits if you decide to use one in the Bronx. These benefits include choosing how your property will be distributed both before and after your death, lowering taxes such as gift taxes, and allowing you to name a trustee will manage your property according to your wishes.

In the Bronx, probate proceedings refer to the process by which the validity of a decedent’s will is proclaimed. This means that the will is found valid and is properly distributed. Furthermore, probate proceedings also make sure that the appointed executor is authorized to handle the estate.

The main function of probate in the Bronx is to determine if the will of the decedent is valid. Once it is found to be valid, the assets contained therein are distributed.

Yes, a probate lawyer can help you in the probate process in the Bronx. They are able to look at each person’s case and know best how to help them. Moreover, they will be able to settle any disputes that may arise that can lengthen the proceedings.

Yes, a probate lawyer in the Bronx will be able to know if you need to enter probate. They will look at your specific case. If there is a will present, then the estate must enter probate. Even if the will is poorly written, probate is necessary.

Yes, a probate attorney in the Bronx will know if a trust overrides a will.  A revocable trust is effective before the death of the decedent. Therefore, if there is an issue between the will and the trust, the trust, since it was put into practice first, supersedes a will.

Yes, they can work together. For example, in a pour-over will, if the grantor did not transfer the property to the will as is required, then the pour-over will gifts the property to the trust. This trust can cover all the estate assets.