Estate Planning: Protect Your Estate from Taxes

You have worked your entire life to build your estate. By taking a few simple steps today, you can make sure that your assets are properly passed to your heirs. By protecting your estate from taxes, when possible, you can maximize the benefit to the people and causes you care about most.  If you have any questions about you or a loved one’s New York estate, you should contact a New York Certified Elder Law Attorney before it is too late.

Avoiding Taxes to Preserve Your Estate

Without proper estate planning, taxes could potentially reduce the size of your estate. We may be able to help clients protect their estates from state and federal estate tax, gift tax, capital gains tax and more. We do this using a number of asset protection strategies, many involve revocable and irrevocable trusts such as:

  • Credit shelter trusts/bypass trusts/disclaimer trusts
  • Life insurance trusts
  • Qualified personal residence trusts
  • Gifting program

While you are doing your estate planning, we can do additional planning, including disability planning and Medicaid planning, to make sure you are prepared in the event that you do need long-term care in the future. We help you with this planning while you are still healthy and before long-term care planning is a concern, so that everything is in place if and when you need it.

Makofsky & Associates, P.C. has more than 20 years of experience helping clients prepare for the future. We will spend time with you to learn about your unique circumstances and craft an estate planning strategy that effectively meets your goals.

Schedule an appointment to discuss estate planning with one of our attorneys, call (516) 228-6522 or contact us online.

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*Certified by the National Elder Law Foundation.

The National Elder Law Foundation is not affiliated with any governmental authority. Certification is not a requirement for the practice of law in the State of New York and does not necessarily indicate greater competence than other attorneys experienced in this field of law.