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Wills and Trusts in Massapequa

Helping You Protect the Future of Your Loved Ones

In these scary times, estate planning is an unavoidable realty and should be addressed as soon as possible to maximize assets, minimize potential liabilities, and adequately provide for loved ones as desired.

Planning a family’s estate needs now can avoid the costly and lengthy court process for most, if not all, of one’s assets.

At James J. Quail & Associates, P.C. in Massapequa, our law firm can help you create an effective will or trust to protect your loved ones.

Get started on creating a trust or will today and contact our law office at (516) 246-2449 to schedule a consultation with our skilled attorney.

Our experienced law firm is offering a simple will, healthcare proxy with living will, and a power of attorney if desired for a flat fee of $399 for individuals, or $499 for married couples getting reciprocal wills. Additional fees for complex wills, trusts and other estate planning.

What is involved in planning one’s estate?

Every person should at the least have a last will and testament, health care costs proxy with directive if one becomes in a vegetative state, and designate whether they are willing to be an organ donor. In addition, many people should have a power of attorney in favor of their spouse, child or loved one. And in many cases, real property and other assets should be placed in a life estate or trust.

Medicaid has a five year look back on conveying assets so the earlier the asset is transferred out of the testator’s name, the better.

What is the Difference Between a Will and a Trust?

Wills and trusts share a lot of similarities and, depending on your needs, one may be better for you than the other. The major difference between these two legal documents is that while a will may contain a provision creating a trust, the will goes into effect after your death while a trust is effective from the minute you create it. Another major difference is that a will gives you the power to name a guardian for your children and dictate how you wish to be buried. Although a trust does not provide these benefits, it does allow you to plan for incapacitation and can help you save on taxes.

Below are some additional benefits of a trust:

  • Designating the beneficiaries of your assets, with specific gifts such as as jewelry, baseball cards or collections ect.
  • You remove the asset from being levied by the government for health care or expenses
  • You can help your loved ones avoid the probate process, which can take a lot of time in court and incur legal costs
  • The details of your trust will remain private
  • You can avoid conservatorship since your appointed trustee will manage your assets and property according to your trust

Below are some additional benefits of a will:

  • You can disinherit individuals would otherwise inherit your assets and property
  • You can make gifts and donations
  • You can minimize your estate taxes

Ultimately, with a will or a trust in place, you can keep your loved ones from fighting over your assets in court. They will have a difficult enough time bearing your loss, so you can ease their burdens by taking this crucial step and drafting this essential legal document.

Schedule a Consultation with Our Knowledgeable Estate Planning Attorney Today!

We will not always be there for our loved ones, so creating a will or trust is crucial to ensure they are cared for. At James J. Quail & Associates, P.C. in Massapequa, we can provide the legal advice and guidance you need to decide which of these options is best for your circumstances. Whether you need a will or a trust, we can ensure you create a document that will provide you with the peace of mind you need.

Reach out to our law office today at (516) 246-2449 to schedule a consultation with our attorney to begin the process of creating a will or trust.

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What Makes Our Firm Different?

  • Boutique Law Firm With Direct Access to Attorney

  • Results-Oriented and Client-Focused Legal Counsel

  • Full Understanding of Real Estate and Injury Laws

  • Thorough Preparation and Review of All Documents

No matter the real estate issue you are involved in, having trusted legal counsel to guide you through negotiations or litigation is crucial. The team at James J. Quail & Associates, P.C. is here to provide the support, direction, and representation you need. We inform you of your legal options and help you determine how to best proceed. We represent clients in Nassau and Suffolk counties.