Probate and Estate Administration
When a person dies there are tasks and responsibilities that must be addressed. These often includes the closing of accounts, the payment of any remaining debts, and the distribution of property to heirs as directed by the decedent’s will. This area of the law is called probate and estate administration. If someone dies without having a will, the process is similar however the person’s assets are distributed as required under New York State law. At Bonney Law Firm we understand how sensitive estate administration can be and we are here to help our clients through this process.
Estate Planning and Elder Law
We develop strategies based on client goals relating to passing on assets to loved ones, including minors and those with special needs, decision making in the event of incapacitation, and reducing long-term care expenses. We implement these strategies by drafting wills, trusts, such as Medicaid Asset Protection Trusts, Supplemental Needs Trusts, Revocable Trusts and Testamentary Trusts, powers of attorney, health-care proxies, and living wills. We also regularly discuss gifting and the impact of Medicaid “lookback” rules, and review beneficiary designations to insure alignment with estate plans.
When property is sold and purchased, each party should be represented by a lawyer to ensure that the transaction is handled appropriately and as smoothly as possible. We represent clients buying and selling homes, farms, and commercial properties. We also represent businesses in the negotiation and drafting of commercial leases.
Small Business and Not-For-Profit
Formation of small businesses and Not-For-Profits and continued representation.
We refer our clients to trusted law firms based on the type of injury and applicable areas of law.