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Commercial and Real Estate Agreements
Did you know that very often controversies that result in litigation involving commercial and real estate transactions could have been avoided by a comprehensive, well drafted agreement at the inception or early stages of a business relationship or commercial or real estate transaction? I recommend that each client prepare a detailed list of all important terms that have been agreed upon. I believe that the attorney should review the list, and include legally enforceable language in the commercial or real estate agreement, reflecting the parties' understandings. It is my sincere belief that the extra care and attention that I devote to negotiating and drafting commercial and real estate agreements often saves my client the substantial expense and inconvenience of unnecessary litigation.
Wills
Did you know that if you die without leaving a valid legally enforceable will, your assets (other than those held jointly or as tenants in common or tenants by the entirities or containing a designated beneficiary) will be distributed according to the laws of intestacy? Accordingly, all or a substantial part of your assets may be inherited by relatives who were not your intended beneficiaries.
Living Trusts
Did you know that you can execute a living trust which can provide for the distribution of all assets held by the trust to designated beneficiaries? A living trust may enable all or a substantial portion of your assets to be distributed upon your death without the substantial delays and fees incurred in probating your estate in the Surrogate's Court. If all of your assets are held by the trust, a Surrogate's Court proceeding would probably be unnecessary. Nevertheless, since most people will retain ownership of some assets in their own name, it is recommended that a Will also be executed to provide for the distribution of any non-trust assets.
Living Wills & Health Care Proxies
Did you know that you can execute a Living Will and a Health Care Proxy which will express your wishes regarding your medical treatment, and designate a trusted relative, friend, etc. to make health care decisions for you, in the event that you are mentally or physically incapacitated? Also, you can execute a Power of Attorney authorizing a trusted relative or friend to take care of your financial matters in the event that you are mentally or physically incapacitated. These documents can also provide alternative appointments, in the event that any of the people selected by you are unable or unwilling to assume the designated responsibilities.
The Law Offices of Michael W. Goldstein offers quality legal services at reasonable fees. The Firm serves its clients with a wide spectrum of legal services for business and personal legal matters. For more information about Michael W. Goldstein's legal experience, areas of practice, fees, etc., click here.
You can reach Michael W. Goldstein at (212) 571-6848, or click NY commercial lawyer to send an e-mail.
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