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Trusts & Estates

Putting together a well thought out plan should be a positive and empowering experience. It is one of the most important ways one can protect and provide for those we love, minimize tax burdens, and express our core values in the legacies we leave. New York estate planning attorneys, Jason Livingston and Mackenzie Kellermeyer, believe that their first and most important job is to listen carefully to the client. Only then do they make recommendations and prepare documents tailored to the specific goals, needs, challenges and values of each client, couple and family.

 

 

 

Estate Planning
We assist clients in developing plans for the disposition of their estates after death and for the perpetuation of family businesses. Pullano & Farrow’s Estate Planning Practice Group offers a full range of tools, including simple and complex Wills, Trusts, Special Needs Trusts, Guardianships, Revocable Trusts, Life Insurance Trusts, Irrevocable Medicaid Trusts, Asset Protection Planning, QTIP Marital Trusts, the use of Disclaimers of interests in property, Charitable Trusts and a host of other documents and extensive advice regarding which tools will best suit the needs of each client. Optimal tax planning may also involve the rearrangement of ownership of property within a family unit, by gift or otherwise.

 

The estate planning attorneys at Pullano & Farrow will help you to develop a comprehensive plan that takes into account both present goals and possible future contingencies, such as changes in tax laws, births or deaths of family members and others, and other changes in circumstance. We will counsel you with respect to lifetime gifting strategies, and strategies to avoid probate, including various forms of property ownership and beneficiary designations.

Our estate planning attorneys will assist you in addressing the different impacts of estate, gift and pension laws on for unmarried couples, providing for partners and children whose central importance in the client’s life may not be legally recognized. Our goal is to provide a knowledgeable and understanding environment in which to discuss each client’s, couple’s and family’s specific needs and objectives.

 

Lifetime Planning
We assist clients in developing individual financial plans for the management and use of assets during the individual's lifetime. This includes advice regarding legal and tax aspects of joint ownership of property, formation of family limited partnerships and limited liability companies for the management of property and for lifetime transfers to family members; business succession planning; planning for the contingency of disability through "Living Wills" and Advance Directives, Health Care Proxies, Disposition of Remains, use of durable Powers of Attorney and revocable living trusts; and advice regarding various types of investments, the desirability of making gifts and the general effect of income tax laws.

 

Settlement of Estates
We represent executors and administrators in settling estates, including the preparation and filing of pleadings and other documents in the appropriate probate court, organizing financial and family information, marshaling estate assets, preparation of an inventory of estate assets, settlement of claims, debts and tax obligations, preparation of decedents' final income tax returns, preparation of fiduciary income tax returns, preparation of state and federal estate and inheritance tax returns, participation in any audit of such returns, preparation and review of formal and informal accountings for presentation to the estate beneficiaries, interpretation of wills (including allocation of assets to marital dispositions) and distribution of assets to beneficiaries.

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Jason Livingston

Member Attorney

585-730-9065

jlivingston@lawpf.com

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