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Basic Estate Planning

Basic estate planning refers to the simplest essential documents a person should have in place to provide for decision making if the person becomes incapacitated and to provide for what happens to the person’s assets when he or she dies.

These include:
  • Durable Power of Attorney
  • Health Care Proxy
  • Living Will
  • Burial Designation Form
  • Last Will and Testament

Where clients have out of state real estate and/or wish to avoid probate, a Revocable Trust may be included in the basic estate plan.

In New York, once a person reaches the age of 18, without proper documentation, no other person (parent or spouse) can make financial or medical decisions for him or her. Having basic decision-making documents in place can avoid the need for a guardianship if he or she becomes unable to make financial and medical decisions. In addition, as people marry, have children and acquire property, wills and other estate planning documents become extremely important.