Wills and Estates
The law office of Jeffrey Thomas Massaro, Counsellor-at-Law assists families with the planning and preparation of wills and trusts so that their estates can be preserved and passed down without unnecessary financial disruption and interference. These efforts include the drafting of documents such as:
- Last Will and Testament
- Living Wills
- Powers of Attorney
Additionally, the firm can represent executors, administrators and legatees of an estate to ensure proper probate of a will and the prompt and accurate distribution of an estate's assets.
last Will and testament
A Last Will and Testament is a written document that directs the appointed executor(s) on how to distribute a decedent's property. Applicable law requires adherence to formalities and other processes when drafting a will to ensure that the document is legally enforceable. While a will can be drafted by an individual without the aid of counsel, it is recommended that a lawyer experienced in will creation be retained, so to ensure that last wishes will be carried out as desired.
The formation of a trust results in the appointment of a trustee to manage assets held for the benefit of the trust's beneficiary or beneficiaries. Trusts can be used for a variety of reasons. One such common use of a trust is to shield gifted assets from public view, as trusts are not subject to probate and therefore not of public record. Also, trusts may provide financial protection to the beneficiaries, as assets of a trust generally cannot be attached by creditors of the beneficiary. As such, the trust corpus can continue to generate income for the beneficiary, and only the income that is paid from the trust to the beneficiary is subject to the reach of creditors. There are several additional benefits of a trust. Contact out office to learn more about the different types of trusts and how placing your assets in a trust may best serve your estate planning needs.
As the 1990's case concerning Terri Schiavo demonstrated, planning for one's own incapacity is of utmost importance. A living will provides a written directive to family members and healthcare providers on how an individual elects to be treated in the event of a debilitating illness or injury. Such illness or injury often includes situations where the individual is declared "brain dead" or is unable to make their healthcare wishes known to his or her loved ones and medical professionals. Living wills can inform doctors as to whether the patient would, if able, request life support or continue life support at a time when the body is unable to sustain itself without the aid of artificial assistance.
Contact an experienced wills, trust and estate attorney
Estate planning requires substantial knowledge to properly protect your financial interests and that of your beneficiaries. Call Jeffrey Thomas Massaro, Counsellor-at-Law at (201) 880-8989 or contact us online to schedule a consultation.