We have gone to Rogoff for many years for tax advice, preparation, and estate planning.
The Rogoff & Company, P.C. Estates and Trusts Department assists in Estate Planning, including preparation of wills and trusts.
A difficult, but necessary, part of life is to plan for death. Where does estate planning begin? It begins with the decision and commitment to treat your estate's well-being with the same attention and serious attitude you apply to your physical health.
Creating a Will
Estate planning begins with making decisions about the following questions:
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Who will inherit your assets?
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When should the heirs receive the assets?
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What limitations will be placed on the recipients?
A will also stipulates who is to be your minor children's guardian(s) for their property and/or person. Although creating a will makes your decisions legally binding, the will can be amended any time you change your mind.
Coping With Prolonged Incapacity
Today, with rapid advances in medical technology and health systems, people are living longer. Good news indeed, but there is also a negative side to it, as in the case of living with a prolonged illness or other incapacitating condition. To protect an estate from such contingencies, one should consider the use of medical powers-of-attorney, living wills, and Medicaid trusts.
Creating A Trust
A will directs the disposition of your estate. Trusts are used to achieve longer-term goals. For example, trusts can be created to provide for a child's education, the long-term care of an elderly parent or delay the payment of funds to young children until they reach a responsible age.
The Rogoff & Company, P.C. Estates and Trusts Department assists in Estate Planning, including preparation of wills and trusts.
