Many Poles living in the USA put off preparing a will until “later,” believing that the family will always work things out. In the state of New York, however, the lack of clear legal instructions can lead to a long-term and costly process in Probate Court.
Will vs. Trust – what to choose for a Polish family?
The choice between a will and a trust depends on the complexity of your financial situation and the goals you want to achieve.
- Will: This is a basic document specifying who inherits your property. It is relatively inexpensive to prepare, but after the owner’s death, it must go through a court process.
- Trust: Allows you to avoid probate court, maintain full privacy, and transfer assets to loved ones immediately. This solution is especially recommended for people who own real estate.
Assets in the USA and Poland – specific challenges
As a law firm actively working within the Polish community, we often solve problems for people who own a house on Long Island and an apartment or land in Poland.
- Avoiding double taxation: A properly constructed estate plan takes into account the laws of both countries.
- Protecting seniors: We prepare documents such as a Power of Attorney, which allow your loved ones to manage your affairs in case of illness.
Why is it worth acting now?
Without an estate plan, the state of New York will decide who receives your savings. The Law Office of Bernard J. Zimnoch offers a free consultation during which we will analyze your situation and select a “tailor-made” solution. If necessary, we will come directly to your home.
Take care of your family’s peace of mind and schedule a conversation with attorney Zimnoch.
Phone: 631-789-1200 | Copiague, NY
