Estate planning is essential to securing your financial legacy and ensuring your family’s well-being for years to come. Getting professional legal guidance is crucial to ensure you make wise decisions for the future. Enter Amoruso & Amoruso LLP, a law firm committed to empowering you with comprehensive estate planning services.

Founders Michael J. Amoruso and Sreelekha Chakrabarty Amoruso have nearly 60 years of combined experience in New York estate planning, elder law, and long-term care planning. We offer compassionate, timely support and professional advice to help you protect your assets and make informed decisions for your family’s future. We believe in building enduring relationships with our clients. When you work with our team, you get the comfort of knowing we’ll be there whenever you need us.

Do you already have an estate plan? Allow Amoruso & Amoruso LLP to give it a thorough review. We’ll identify any areas that could use revisions or corrections and advise you on options for making it better based on your individual goals. Be assured that, if no changes are needed, we will tell you and you will have the peace of mind that your plan accomplishes your objectives.

Our firm serves clients in New Castle, Chappaqua, Mount Kisco, and the neighboring areas. Contact us today for information on how a New Castle, NY, estate planning lawyer can help you.

What’s the Importance of Having an Estate Plan?

Creating an estate plan is the best way to protect your legacy and ensure your wishes are honored in life and after death. A clear estate plan provides a roadmap for asset distribution, healthcare decisions, and guardianship of minor children. It can also protect your children’s inheritances until they are mature enough to manage it on their own. Using these tools can minimize potential conflicts if you become incapacitated or die. Without an estate plan, state laws could dictate what happens to your assets and loved ones, which may differ significantly from your personal preferences.

What Is Comprehensive Estate Planning?

Comprehensive estate planning is more than just drafting a will. It’s a holistic approach that considers all facets of your life, including your financial assets, healthcare wishes, guardianship preferences, business succession plans, and eligibility for Medicaid benefits. With a blend of wills, trusts, long-term financial planning, tax planning, long-term care planning, and other instruments, our comprehensive estate planning service creates a balanced strategy to secure your wealth and realize the vision you have for your legacy.

What Makes Up Comprehensive Estate Planning?

The beauty of a comprehensive estate plan is that it can be customized for your unique needs. No two estates are created equal, so your estate plan should not include boilerplate documents you print off the Internet.

Many comprehensive estate plans include the following elements:

Elder Law and Long-Term Care Planning

Elder law and long-term care planning prepare you for possible future healthcare needs while preserving your assets and quality of life.


A will is a core document in estate planning. It outlines how you want your assets distributed and who you want to care for minor children after your death. In a will, you can name a trusted executor to oversee the settlement of your affairs.


Trusts are legal entities that hold and manage assets for the benefit of specific individuals or causes. They offer more control over asset distribution than wills, provide tax benefits, and allow your heirs to avoid the time-consuming probate process.

Living Trusts

A living trust allows for the immediate transfer of your assets without court approval. You create this type of trust while you’re alive, which can provide flexibility and control throughout your lifetime.

Estate, Gift, and Income Tax Planning

Gift and tax planning focuses on strategically transferring your assets to reduce estate and gift tax liability. By minimizing tax obligations with careful timing, exemptions, and specialized trusts, you can maximize what you leave to your beneficiaries.

Financial Planning

Financial planning means structuring your finances to ensure financial security and preserve your wealth through asset management, investments, and debt evaluation.

Retirement Planning

Retirement planning works in tandem with estate planning to provide adequate resources for a comfortable retirement. This includes optimizing 401(k)s, IRAs, and other savings accounts to benefit you and your heirs.

Medicaid Planning

Medicaid planning utilizes various strategies to preserve your eligibility for Medicaid benefits without depleting your assets.

Planning to Leave Assets to Loved Ones in a Way That Protects the Assets

In some cases, properly transferring assets to your loved ones requires a strategic approach that incorporates protection against numerous risks.

Protect Assets from Divorce, Creditors, Spendthrifts, and Substance Abuse

A well-designed estate plan can shield your assets from depletion through divorce settlements, creditors, and irresponsible spending. Instruments like discretionary spendthrift trusts and substance abuse trusts can provide for your beneficiaries and avoid wasted money.

Business Succession Plans

For business owners in New Castle, developing a plan is crucial so your enterprise remains stable and continues to thrive once you are gone. Effective business succession planning provides clear directives regarding leadership transitions, share distribution, and other contingencies to maintain stability during the transition.

Special Needs Planning

Comprehensive planning is vital when leaving your assets to family members with special needs. The objective is to enhance their lives without jeopardizing their qualifications for essential government benefits. With tailored trusts and guardianships, you can achieve this delicate balance. A New Castle estate planning lawyer can discuss the tools that could most benefit your loved one, such as:

  • Supplemental Needs Trusts – This is a specific type of trust designed to use third-party or inherited dollars to enhance the quality of life for a beneficiary, over and above any government benefits. These funds do not count toward a beneficiary’s resource limits for government programs, allowing them to remain eligible for these benefits.
  • Special Needs Trusts – This is a specific type of trust designed to use an individual’s own assets to enhance his/her life. The assets held in these trusts do not count toward a beneficiary’s resource limits for government programs, allowing them to remain eligible for these benefits.
  • Supported Decision-Making – With supported decision-making, individuals with special needs can exercise their rights to make personal choices with the help of trusted advisors. This approach allows them to maintain autonomy while protecting their well-being and financial stability.
  • 17-A Guardianship – A 17-A guardianship grants legal decision-making power to a guardian on behalf of an adult with intellectual or developmental disabilities. This setup gives the guardian complete authority over the personal and financial aspects of the individual’s life.

Charitable Gifting Plans

Charitable gifting plans can achieve dual goals: reducing the tax burden on your estate and supporting your philanthropic interests. By allocating charitable donations wisely, you ensure that your humanitarian legacy endures while enjoying potential tax benefits.

What Are Other Elements of a Successful Estate Plan?

A comprehensive estate plan can use other instruments to cover a broad range of end-of-life needs, such as:

  • Advance Directives – Advance directives are legal documents such as a health care proxy, a power of attorney, and a disposition of remains. A Health Care Proxy appoints someone you choose to make medical decisions (including end-of-life decisions) for you. A Power of Attorney will allow a trusted family member or friend to handle your financial and/or legal matters. This can be helpful if you face an illness or injury or you lack mental capacity. With life care planning, your family has the guidance and tools necessary to make financial and health care decisions when you cannot do so.
  • Guardianship – A guardianship specifies who you want to take responsibility for your minor children or dependent adult(s) in the event of your incapacity or death. If you’re a parent, nominating a trusted guardian is essential to ensure the welfare of your children. Proactive guardianship planning can avoid court-appointed decisions and place your child’s well-being in the hands of someone you know and love.
  • Probate, Estate, and Trust Administration – Comprehensive estate planning can avoid probate and the cost and time commitments that come with it. Effective will and trust planning can cut down on legal expenses, expedite asset distribution, and prevent disputes among loved ones.

How Much Does a New Castle Estate Plan Cost?

The initial cost of setting up an estate plan varies depending on the size and complexity of your estate. It helps to think of estate planning as an investment towards a secure future. When viewed through that lens, the cost of a comprehensive estate plan is worth every penny for the peace of mind it provides. Even better, a solid plan can save money for your heirs and prevent disputes that cause unintended heartache.

How Can a New Castle, NY, Estate Planning Attorney Help?

From mitigating tax liabilities to ensuring your healthcare wishes are honored, a New Castle estate planning attorney from Amoruso & Amoruso LLP can help you by:

  • Identifying and inventorying your assets
  • Drafting comprehensive wills
  • Recommending estate planning strategies that are appropriate for your needs
  • Facilitating delicate discussions with your family about estate planning
  • Advising on tax implications and how to take advantage of tax breaks to benefit your estate
  • Preparing advance directives to outline your preferences in the event of your incapacity
  • Offering advice on long-term care and Medicaid planning
  • Establishing trusts to best protect your interests
  • Designing smart business succession plans
  • Implementing charitable giving strategies if philanthropy is a priority
  • Guiding your family through probate and estate administration
  • Preparing powers of attorney for financial and legal matters
  • Discussing guardianship arrangements for minor children or other dependents
  • Assisting with crisis planning
  • Reviewing and updating your existing estate plan as needed

Contact an Experienced Estate Planning Lawyer in New Castle, NY, Today

Creating a robust estate plan can make all the difference for you and the people you love. Let the proven legal team at Amoruso & Amoruso LLP guide you through every step of the process. Call us today to learn how a New Castle, NY, estate planning attorney from our firm can develop a new estate plan or advise on changes to your current one. We look forward to supporting you.