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Estate Planning

What Is The Goal Of An Estate Plan?

An estate plan is not just for when you pass away. A good estate plan takes care of you and your assets throughout your life, while also anticipating taking care of your loved ones when you’re gone. The goal is to provide a legal structure that addresses current and future priorities.

Estate Planning Services Offered By The Law Office of Sylvie Richards, PLLC Include:

  • Wills

  • Trusts

    • ​Revocable Living Trust

    • Irrevocable Trusts such as

      • Special Needs Trust

      • Supplemental Needs Trust

      • Medicaid Asset Protection Trust

      • Qualified Personal Residence Trust

      • Charitable Remainder Trust

  • Power of Attorney

  • Health Care Proxy & Living Wills

What Is The Process Of Creating An Estate Plan?

Once the Law Office of Sylvie Richards, PLLC is properly retained, an intake form will be sent to the client. This form asks for all the information necessary to draft the agreed-upon documents. These documents will then be sent to the client for review and input. Once the documents are finalized, they will be executed by the client and their witnesses under the supervision of their attorney.

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**A word of caution on using websites to generate estate planning documents. There are any number of resources online that can be used to create generic Last Wills and Testaments. While these options may seem more cost-effective than hiring an attorney to draft a Will, in the end they may prove to be very costly options, especially if a Will is contested. In addition to not having the benefit of the advice of an attorney knowledgeable in New York’s Estates, Powers, and Trusts Law for the preparation of this very important document, a person availing themself of these low-cost options is also deprived of the presumption of due execution, which is invaluable for the probate of the estate.**

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