Practice Areas

Trusts, Estates and Elder Law

Tax Law

Corporate, Finance and Commercial Law

Business Succession and Exit Planning



Contact

Crisafulli Gorman, PC
Seven Pines Office Park
Building Three
8104 Cazenovia Road
Manlius, NY 13104


Rest Assured

Effective estate planning and administration are vital for ensuring that clients’ wishes are honored, wealth is preserved, assets are responsibly transferred, and taxes are minimized.  We are proud to work with a wide range of clients throughout New York State:  high net worth clients in need of sophisticated tax planning and asset protection; business owners in need of business succession planning; clients of moderate means; elderly or disabled individuals seeking to preserve assets when faced with the costs of long-term care; young families wishing to nominate guardians for their children; and families of recently-departed loved ones left to administer estates.  Our services include:

Estate Planning

We work closely with clients to thoroughly understand their wishes, clearly explain their options, and draft documents designed to accomplish their goals in a tax-efficient manner using such documents as:
  • Wills
  • Revocable Trusts
  • Irrevocable Trusts
  • Irrevocable Life Insurance Trusts
  • “See-Through” Trusts designed to maximize tax-deferred benefits associated with qualified retirement plans (Individual Retirement Accounts, 401(k)s, 403(b)s)
  • Qualified retirement plan beneficiary designations
  • Supplemental Needs Trusts
  • Credit Shelter Trusts
  • Marital Trusts (with Qualified Terminable Interest Property provisions)
  • Grantor Retained Annuity Trusts
  • Qualified Personal Residence Trusts
  • Delaware Trusts
  • Asset Preservation Trusts
  • Charitable Remainder Trusts
  • Charitable Lead Trusts

Advance Directives

We help clients ensure that their financial and health-related decisions are honored by drafting:
  • Durable Powers of Attorney
  • Health Care Proxies
  • Living Wills

Asset Protection

We counsel clients how best to structure their assets to reduce the risk of loss during their lifetimes.  We:
  • Counsel physicians and other professionals engaged in careers with a strong likelihood of an eventual lawsuit how to protect assets from potential creditors through the use of Delaware Trusts, joint titling, and other protective devices;
  • Establish Asset Protection Trusts for families seeking to protect assets against the costs of long-term care;
  • Establish Supplemental Needs Trusts to provided additional sources of support for elderly and disabled individuals to ensure that Medicaid and other government entitlements remain available;
  • Facilitate transfers of residences while retaining life use for the original owner;
  • Help families qualify for Medicaid coverage of long-term care expenses, whether home-based or nursing-home-based, while preserving the individual’s assets to the maximum extent possible;
  • Complete Medicaid applications to ensure that an individual in need of long-term care receives the benefits to which he or she is entitled.

Trust and Estate Administration

We assist trustees, executors, administrators, and beneficiaries with the administration of trusts and estates by:
  • Petitioning for Letters Testamentary, Letters of Administration, Letters of Trusteeship, Probate, Administration, Ancillary Probate, and Ancillary Administration;
  • Probating and administering estates;
  • Counseling trustees with respect to their fiduciary responsibilities in administering trusts;
  • Counseling beneficiaries with respect to their rights as set forth in trusts and Wills;
  • Counseling clients with respect to assets that do not pass through a decedent’s estate, such as jointly-titled assets, assets held in trust for the benefit of the decedent, life insurance policies, and qualified retirement plans (IRAs, 401(k)s, 403(b)s);
  • Post-mortem planning to optimize tax consequences through the use of disclaimers and renunciations.

Tax Planning

We counsel our clients with respect to the gift, estate, income, capital gains, and other tax consequences associated with the planning and administration of their trusts and estates.  We handle highly complex tax issues and are equipped to litigate contested tax matters against the New York State Department of Taxation and Finance and the Internal Revenue Service.

Guardianship

We represent families seeking guardianships for minors and for disabled individuals in need a court-appointed individual to protect their person and property.

Trusts and Estates Litigation

Contested matters associated with trusts and estates are typically handled by the New York Surrogate’s Court, a court with its own unique set of procedural rules that are distinct from the other courts in New York State.  We represent executors, administrators, trustees, and beneficiaries in contested matters including:
  • Will contests
  • Construction of trusts and Wills
  • Appropriateness of the administration of a trust or estate
  • Accountings
  • Removal of fiduciaries
  • Other matters involving estates and trusts
Let Crisafulli Gorman, PC put their experience to work for you in planning for your future and the future of your loved ones.  And when you do, rest assured.