To put it simply, if you don't direct how your assets will be distributed, the State will (e.g., pursuant to New York Estates, Powers, and Trusts Law ["EPTL"], Section 4-1.1). If that's fine with you, then you can stop reading. Of course, if you're like most people, that's not fine with you and you prefer that your ball of wealth rolls down the succession path of your choice.
Abessi Law can help design a robust estate plan that endeavors to employ tax-efficient strategies, minimize the need for probate, and cover ancillary aspects of the plan, such as power of attorney or living will needs. Alternatively, the Firm can accommodate simple requests, whether you need only a will or health care proxy, or even just a review of, or update to an existing estate plan. In facilitation of these services, you can rest assured knowing that these delicate, private matters will be treated with the sensitivity & tact that they deserve.
A final note pertaining to business owners: estate planning can also act as being at the intersection of family law and business law. In what way? Perhaps the most intuitive is with respect to business succession; if you desire to pass your business along to a child or other family member, that is essentially where all of these worlds collide. That sort of synergistic relationship offers plenty of rationale behind law firms that choose to exclusively cover all of these areas, and a key reason why Abessi Law does, itself.
Learn more about Abessi Law's services by exploring the Firm's "Estate Planning" section, or reach out now for a free consultation.