Javascript is currently disabled in your browser. This site requires Javascript to function correctly. Please enable Javascript in your browser!

Back to practice areas

Estate Planning

Estate planning in New York is not just about protecting assets and minimizing estate taxes, but includes carrying out an individuals’ last wishes for the distribution of their assets. CBMS uses a big-firm team approach with small-firm personal attention when clients come to us for assistance with estate planning.

Without careful planning, more than 50% of a decedent’s assets may be used to pay income and estate taxes, instead of being distributed to beloved beneficiaries. In order to avoid such undesirable results, it is important to consider the myriad opportunities available to preserve that wealth.

A well-designed estate plan can help to minimize the tax impact while meeting the client’s specific goals and needs. There are many wealth transfer vehicles available to allow individuals to meet their planning goals, including various trusts and gift plans but the last will and testament remains one of the fundamental estate planning tools. At CBMS, our team of attorneys provides thoughtful advice in the intricacies and requirements involved in drafting wills, as well as designing trust vehicles that accomplish the settlor’s desires and goals for the trust beneficiary.

Estate planning is not limited to the drawing up of wills and trusts. The attorneys at CBMS will guide you through the difficult decisions regarding healthcare in the event of incapacity. Our attorneys explain the importance of living wills, which define the circumstances surrounding the withholding of life-sustaining treatment, and healthcare proxies, which designate a specific person responsible for making healthcare decisions on behalf of an incapacitated individual. We will provide you with facts so you can make an informed decision about end-of-life care.

The attorneys at Capell Barnett Matalon & Schoenfeld offer creative solutions to help clients with their estate planning needs, whether it is drafting wills, designing living trusts and revocable trusts, creating powers of attorney, statutory gift riders, living wills and health care proxies, gift-giving, planning techniques for reducing estate taxes, protecting the marital deduction, providing liquidity, or reducing income taxation on Individual Retirement Accounts and other retirement accounts. Feel free to call us with your questions and estate planning concerns.