The Law Offices of Marjory Cajoux

While there are many kinds of trusts, the most common are revocable and irrevocable trusts. Revocable trusts, sometimes called living trusts, are done during your lifetime and you, as the grantor, maintain control over the trust. An irrevocable trust can be created during your life. It cannot be altered without the consent of the beneficiary. Based on your personal and financial situation, an estate planning attorney can thoroughly explain all your trust options.

Probate is a court-supervised process by which your assets and property are distributed after your death.

If you die without a will or trust in New York, the state court determines how your property and assets are distributed among your family and in what proportion. In New York, the surviving spouse has interest in the whole estate after you pass. If you have a spouse and children, the spouse receives $50,000 and one-half of the balance within the estate. The children receive the other half.

Although purchasing estate planning software can possibly be lower in cost compared to hiring an attorney, you should take into account that estate planning is a very complex process. Alternatives to estate planning attorneys often take one-size-fits-all approaches, which often fail to meet your needs and may result in unintended consequences. An experienced attorney can carefully formulate, review and execute your estate plan according to your wishes.

A typical estate plan includes a will, a trust, a durable power of attorney and a living will.

While estate planning is certainly important for high net worth individuals, it is equally important for those of more modest means. No matter your economic level, you want your family to be cared for. You need a say in who will care for your children if you can’t and how your assets should be used for their benefit. Estate planning is the way to have that say.

There are several different ways that the family members of immigrants to the United States can also gain lawful entry into the country, but how to go about this depends on the particular visa or resident status you hold and the rules for that particular visa or status. The process can be complex, and the assistance of a top-notch immigration attorney is vital.

There are several different business structures to choose from when starting a new business. Whether your business would work best as a sole proprietorship, an LLC, a partnership, an S-Corporation, or something else, a skilled and experienced business attorney can help you carefully consider your options and the ramifications of each.

While there is no set age when it’s best to begin estate planning, earlier is better. Once you own property or have children, estate planning is a must to ensure that your family will be taken care of should something terrible happen to you.

Our offices are located at 406 Atlantic Avenue, Brooklyn, NY 11217.