New Jersey Estate Planning and Wills Attorneys
At Cosner Youngelson, we believe that estate planning is an essential component for protecting and preserving the assets you have worked so hard to accumulate and want to pass on to your loved ones.
Cosner Youngelson attorneys have the experience and knowledge to help you and your family plan for the future no matter what size estate you may have. We can suggest and draft estate planning documents to fit every situation. Contact us today to schedule a free initial consultation with one of our estate planning lawyers to discuss your needs and options.
The Firm recommends that each client have at least three basic estate planning documents: (A) a Will, which directs the disposition of your assets at the time of passing; (B) a Power of Attorney, which gives a designated person the right to act on your behalf if you become incapacitated and are unable to make financial decisions on your own due to physical or mental reasons; and (C) a Health Care Power of Attorney or Living Will, which gives a designated person the right to make health care decisions on your behalf if you become unable to make such decisions due to physical or mental reasons. A Health Care Power of Attorney also allows the designated person to receive information about your medical condition directly from the doctor.
Cosner Youngelson also provides complex estate planning advice to address your specific needs and goals. Such needs may include trusts or plans to set aside money for long-term care, including nursing homes or assisted living facilities. We can draft trusts which protect money for minor children. We also counsel couples regarding the tax benefits of marriage and how to protect their children as well.
If you have a child or family member with special needs, we can help you determine whether a Special Needs Trust is appropriate. If so, we can create a Special Needs Trusts which preserves the individual’s eligibility to receive government benefits, while at the same time planning for that person’s long-term financial security.
Cosner Youngelson attorneys are familiar with the various tax implications that come with different types of sophisticated estate planning tools, and we can advise you as to the best estate planning instrument that fits your particular situation. Founding attorney Alan G. Cosner is a former Internal Revenue Service agent and accountant with a master’s degree in taxation from New York University School of Law. He advises clients on how to limit their tax exposure through estate planning. These arrangements can be vital to protecting your estate’s assets from state and federal taxes, thus ensuring that more money will go to your heirs and beneficiaries and not to the government.
Based on your particular needs and goals, our estate planning attorneys routinely help Firm clients and their families accomplish the following:
- Wills and trusts
- Disposition of assets with minimum taxation
- Administration and disposition of assets during lifetime
- Durable healthcare power of attorney for medical decision-making in the event of a disabling illness
- Durable financial power of attorney for asset management, bill paying, and other financial activities if you become incapacitated
- Living wills to outline your wishes for end-of-life care
Whether your specific needs are simple or complex, Cosner Youngelson can prepare an appropriate estate plan to fit those particular needs. We pride ourselves on working with our clients and their families over time to amend or modify estate plans as circumstances change, including as your wealth increases or a life event occurs such as marriage or the birth of a child or grandchild. Contact us today to schedule a free initial consultation with one of our estate planning lawyers to discuss your needs and options.