1-888-368-4329Estate Planning Attorney Serving Greater NYC
Cormac McEnery’s New York estate planning experience optimizes your estate planning process. He helps clients analyze their personal and financial circumstances and special needs and objectives. He can step you through your estate planning options, before drafting and implementing your estate plan.
Estate planning is more than just a will
As important, if not more so, your estate plan should have a durable power of attorney and health care proxy. We use a variety of planning techniques and tools to create a personalized plan including:
- Last Will and Testament: Your will directs to whom and how your assets will be distributed after your death. It designates the court-appointed legal representative who will carry out your wishes. It nominates a trustee to manage any assets you designated for a trust in your will. The only assets that are controlled and distributed under the terms of your will are assets held individually in your name that do not have a designatedjoint tenant or beneficiary.
- Durable Power of Attorney: Cormac McEnery will prepare a comprehensive and personally tailored document giving your designee a full range of powersthat you choose, so your designee can transact your financial and other transitions. It remains effective should you become incompetent, temporarily or permanently.
- Health Care Proxy/Living Will: You designate who should make your medical decisions, if you are unable to do so. Cormac McEnery will prepare a personalized comprehensive document that states your medical treatment directives. Without this document, a tremendous burden may be put upon your loved ones at a most difficult time.
- Special Power of Appointment Deeds: This document implements incomplete gifts of real property, for Medicaid historical purposes and transfers property exempt from the current period.
- Estate Tax Planning: There are many planning tools available to help reduce or eliminate your potential estate tax liability while retaining your maximum control of your assets.
- Trusts: While they are often created in a will, trusts can be created at any time in your life for a variety of purposes, including for estate tax and Medicaid planning, to limit liability, and to manage and protect assets held for minors or persons with special needs.
As an experienced New York attorney, Cormac McErnery helps you review and consider the income, gift, and estate tax consequences of your plan—people are often unaware of these when they implementing a wealth preservation plan.
We serve clients from New York City (Manhattan, Bronx, Brooklyn, Queens), Westchester, and Nassau and Suffolk Counties. To set up a free consultation contact estate planning lawyer Cormac McEnery at 1-888-368-4329.
