Working as one team with our Clients
Practical and Cost Efficient Solutions
Smooth Communication
We are fully transparent and are available to save you time and money.
Unparalleled value
We are certified and experienced in order to help with any tasks.
Request your Free Consultation or Call 212.596.7039 Today!
How we work
Our usual process
Holistic Approach to Estate Planning:
the 12 steps to Successful Plan
1.
We focus on you and your family/business needs.
2.
We isolate the primary goals for your planning (e.g. taxes, probate avoidance or eliminating contests and controversies).
3.
We fill in the secondary and tertiary supplemental goals for your planning (e.g. addressing situation of losing capacity, helping children in cases of divorces, helping grandchildren with education).
4.
We prepare a comprehensive plan addressing your primary, secondary and tertiary goals.
5.
We provide a thorough estate planning review, which ideally includes all of your advisors – insurance brokers, wealth planners, accountants.
6.
We address business continuity issues with you and your partners.
7.
Where applicable and desirable, we bring your family together by assigning clearly defined roles to each member.
8.
We work with your adversaries, where applicable.
9.
We help you with finding additional support advisors (e.g. trustees in other jurisdictions, accountants specializing on foreign taxation issues).
10.
We meet with you continuously through this process to ensure that your primary, secondary and tertiary estate planning goals remain the same and are effectively addressed.
11.
We finalize the plan for execution.
12.
We work with you and your trustees to implement the plan and to ensure that your trusts are funded, and business succession structuring is put into place.
What our Law Firm offers:
At Schwartsman Law Group PLLC we work hard to provide our clients with the best trusts and estates representation in New York. We focus on estate planning and administration services, as well as business planning and business succession representation.Whether you need a simple estate plan, help creating infrastructure for your business, looking for an effective and flexible business succession plan, or need a sophisticated estate planning, we can help you with every step of the way. We want to partner with you and your advisors today and long into the future to help ensure that your planning evolves with you, your family and your business.
Client Reviews and Recognition
Estate planning was a new concept for me, so I really didn’t know what to except. During my free consultation with T&E they really took the time to explain what it was, and how it would benefit me. Since then, they have helped me to plan my estate, and my future, so I’m ready for whatever comes my way. Thank you Trusts & Estate!– Lisa Merriweather
Everyone here is very friendly and helpful. I already had an estate plan in place when I made my first appointment, and just needed to have it updated. They were very efficient, and their attention to detail made me confident that everything was being handled correctly.– Mike Jacobs
I couldn’t be happier with the services you provided. You were patient with me, answered all my questions, and really gave me the guidance I needed to take care of everything. I will definitely recommend you to my friends and family.– Pamela TylerCommon Questions
Estate planning is a legal process which is targeted at assets preservation and succession. Through estate planning, you decide how your assets will be distributed at your death or during your life. When done properly, it can help save you and your estate thousands of dollars, and ensure your final wishes are carried out.
Proper estate planning will allow you to ensure you are able to control what happens to your assets now and after you’re gone. It is the best way to ensure your specific wishes are followed rather than relying on State Law of inheritance and intestate distribution. There are many benefits to estate planning including minimizing taxes, maintaining privacy, helping your loved ones avoid probate court, protecting your loved ones from creditors and much more.
A Will, or Last Will and Testament, is the most basic step in Estate planning. It will direct what you want to happen to of your assets upon your death. n addition, you may identify guardians for your minor children in your Will. For many younger people, a Will is the only Estate planning document that is needed. No matter how complex your Estate plan, however, you’ll almost certainly need to have a Will as part of it.
A Trust is an entity that exists through a private agreement between trustee – a person charged with responsibility to holding property for the benefit of another – and settlor – a person who parts with said property for the benefit of another (or sometimes, for the benefit of self) Different assets can be placed into a Trust. There are many different types of Trusts, each used to serve a different purpose. Choosing the right Trust, or Trusts, will help to ensure you reach your goals.
Probate is a legal proceeding in surrogate’s court whereby one’s Last Will and Testament is accepted as valid Will of the decedent and letters testamentary are issued to the executor. This is a public process and can take some time. With proper Estate planning, probate can often be avoided.
When starting a new business one of the most important things you can do is to pick the right business type. You can be a sole proprietor, a partnership, a LLC, a S-Corp, or a number of other things. Each has advantages and disadvantages, so make sure you choose wisely to avoid problems down the road.
Succession planning is an important process where a business owner identifies who they want to leave their company to when they either die or retire. You may leave control of the business to some people while leaving a financial interest to others. There is a lot of flexibility with respect to business succession planning. Succession plan will be part of an overall process where the successor is groomed to be able to take over the business with as little disruption as possible.
If you still have any questions about estate planning or business law, you will want to sit down with one of our attorneys. We can be reached by dialing 212-596-7039.