NYC ESTATE PLANNING LAWYER
Morgan Legal Group PC
How We
Can Help
Mortality is a grim but stubborn fact of human life. You cannot live forever, and it is important to create a document, a plan, a set of instructions that distributes and disposes of your capital in the way that accords with your wishes. You do not have to be amongst the wealthiest class of persons to engage in estate planning. If you have accumulated capital, assets, and property that are of some value, and you wish different portions to go to particular family members, friends, and independent institutions, then you should start thinking specifically about who should get what. It is especially urgent for individuals whose assets are considerable and connected in complex ways to develop an estate plan. If you have grown a family business into a multi-billion dollar global company, if you have shares, interests, and proprietary rights in a number of companies, if you own properties around the world and have tied them to different enterprises, then it is essential that you clarify who is to assume control and ownership when you are gone.
SIT DOWN WITH A LAWYER AND START DEVELOPING AN ESTATE PLAN.
The livelihoods of hundreds or even thousands of people will depend on the soundness and transparency of your estate plan. You may have the utmost love and fondness for your spouse and your children. You may want to ensure that they are comfortable when you have passed on. However, the control and administration of any companies that you own or are connected is a different matter. It may be your wish that the people that you have worked with, trained up, and have the utmost confidence in be left with the sole responsibility of running businesses when you are gone. Without a clear, detailed, and irrefutable estate plan issues related to the control and ownership of your assets will be thrown into the courts. They will need to be adjudicated, and the result may be contrary to your intentions at best. At worst, it could plunge your enterprises into extreme chaos and lead to the unraveling of all that you spent your life putting together.
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“Our Firm Takes Pride In The Recognition We Have Received As One of the Top Industry-Leading Estate Planning Firms In New York”
Morgan Legal Group PC
PRACTICE AREAS
WILLS AND TRUSTS
WILLS AND TRUSTS
It is never too early to make out a will. The thought of dying is not one that most people wish to dwell on....
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MEDICAID PLANNING
MEDICAID PLANNING
For many people, thinking about long-term care is a topic that is often put off as long as possible. However, in doing so, they are setting....
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ASSET PROTECTION
ASSET PROTECTION
You work hard in life, and you accumulate specific assets as a result. Perhaps you have a home...
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PROBATE
PROBATE
If you need an attorney to help you with probate issues during difficult times of grief in New York City, Morgan Law Group PC can help you...
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ESTATE PLANNING
ESTATE PLANNING
Mortality is a grim but stubborn fact of human life. You cannot live forever, and it is important...
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BUSINESS PLANNING
BUSINESS PLANNING
You pour your life into starting, growing and managing your business. As you work hard to keep your business driving in the right direction, it can be easy to lose sight of the long term...
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GUARDIANSHIP
GUARDIANSHIP
Guardianship is a serious matter. When you ask the court for rule over another person, you are mostly taking on the challenge of overseeing their life...
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Starting a business is really stressful. You’ve got to take risks but at the same time you have to think twice or you’ll go bankrupt in no time. Luckily Russel Morgan helped me with asset protection and, well, now I feel like he untied my hands. I can take risks and I know that I won’t have to sleep outside if something bad happens.
Pleasure working with Morgan Legal Group. You can see that Russel Morgan and his staff care for their clients. They answer any question you may have almost immediately. They have helped my company to buy real estate for our own office and they continue consulting us on different problems we face. Hope to continue working together for many years to come!
Starting a business was stressful enough without worrying about going broke. Luckily, Russel Morgan helped me craft an incredible asset protection plan that lets me sleep at night while still taking the risks my business needs.
Russel Morgan's attention to detail was astounding. He scoured every single document when we were buying a home and made sure we weren't getting scammed. I never knew that lawyers could be so proactive and dedicated to providing the best possible service.
Great law firm. Very knowledgeable about Trust and Estates. Highly recommend them.
Nowadays it’s hard to find a law firm which you can trust and which can actually do what they promise to do. However, Russel Morgan has made me a believer that I can rely on their help for business litigation. Even though our negotiation process against an ex- partner’s company was very tough, my company would not have been successful without Russel Morgan’s dedication to success. If you need any help with business litigation I advise you to contact the Morgan Legal Group.
Thanks to Mr. Morgan and his company, my problem with estate planning was solved. I was struggling to find a honest and reliable, real estate and estate planning lawyer, and, therefore, I was very thankful when I got a detailed plan from Russel which was super easy to understand and to make things even better they helped me get my house got sold 2 weeks later! They also helped me with all the documentation, deed transfer and other paperwork. I highly recommend their firm to everyone who wants to receive a honest service and solve problems with estate issues!
Among a high number of law firms which offer help regarding probating your loved one’s estate. I will choose this one over any. The service that I received was exceptional. I have secured my house and an apartment left to me and my wife. Thank you!
You may still be relatively young and vigorous, or you may be getting on in years and nearing retirement. No matter your age or physical condition, you never know when illness or accident might incapacitate or kill you. If you have accumulated the kinds of assets discussed above, then you should sit down with a lawyer and start developing an estate plan. If you already have a lawyer that you consider a confidant, then you should speak with them about your desire to put an estate plan in place. Such legal documents should be drawn up by a specialist, and your family counsel can help you choose one. An estate planning lawyer will prevent your money, capital, and business interests from going to probate court when you are gone. They will also draw up a will, trusts, and powers of attorney. Issues involving a second marriage, multiple businesses, multi-state and multi-nation real estate holdings, step children, problem children, charity bequests, IRAs and 401(k)s, and estate taxes can all be sorted through with the help of a qualified estate planning attorney. Additionally, your asset protection lawyer helps you avoid excess taxation on your assets with different legal methods of protection. Finally, your asset protection attorney is going to create a trust and an estate so that your assets cannot be legally taken to court in case something happens and a creditor comes after you. This also protects your children and grandchildren who might inherit your assets upon your death.
important things you should know
Questions And Answers
Do not be fooled – even if you are innocent, that does not mean the courts are on your side. Jurors often side with the plaintiff who appears to need the funds in question rather than the defendant who they assume has money to spare.
Even a judge’s own personal feelings can put you in jeopardy.
Many of our clients believe that once a lawsuit has been filed against them, it is too late to shield assets from plaintiffs. They are happy to learn that usually there is still a lot they can do to protect their assets.
Many businesses and professions carry extraordinary financial risks that insurance alone can’t protect against. Medicine is a good example. Malpractice premiums are often barely affordable. Insurance does not cover many claims. Similarly impacted are real estate developers and builders and small business owners.
Over the past decade, our attorneys have represented hundreds of physicians, real estate developers, corporate directors and officers and small business owners. We know and understand the risks your business faces, and how to best shield your assets from these risks.
Even if an auto accident is minor, claims against you can be substantial. You can be sued for emotional damages, physical pain or a spurious claim like whiplash. There are approximately 150,000 practicing attorneys in California. Many of them look to your assets to make a living.
In a down real estate market a lot of borrowers find themselves unable to pay back loans or perform on personal guarantees. In difficult economic times banks and lenders pursue borrowers’ assets aggressively and diligently. This means that it is not enough to set up the most basic asset protection structures like revocable trusts or fake equity strips. To defeat the claim of a lender, especially a bank, the asset protection structures used need to be sophisticated and difficult to penetrate. We find that with the right asset protection structure in place, lenders will either give up the chase for your assets or be a lot more willing to negotiate.
Morgan Legal Group PC
The rather delicate subject of incapacitation and end of life services can also be included in the estate plan. If you are stricken by an illness that prevents you from exercising executive functions, you can decide now who gets to make decisions concerning your health care, and who will make decisions concerning your businesses and assets.You have worked hard to establish solid companies and a stable family. You do not want it torn apart because of mistakes and neglect. Developing an estate plan is not something you can do on your own. Only a professional with deep insight into the law can help you draw up a plan that will actually withstand legal scrutiny. Working with an estate planning lawyer will allow you to leave the people who have come to depend on you with a clear and unambiguous document on which to build their own futures.
