East Setauket, NY
Elder law Lawyer at East Setauket, NY
Practice Areas: Elder Law, Real Estate ... +2 more
If you are a parent of a young child, you have probably heard that you should have a will. But do you know why? There are two main reasons a parent of a minor child needs a Last Will and Testament. Wh...
See Full GuideRevocable Trusts have become increasingly popular estate planning tools to avoid probate. A trust allows for the orderly and private administration of your assets at death without court involvement. R...
See Full GuideFederal and state estate taxes are taken out before the distribution of inherited assets, ensuring that any tax obligations are settled from the estate. It is important to understand the estate tax re...
See Full GuideEstate planning is all about preparation and ensuring that your assets are distributed in line with your wishes. It's a comfort knowing your loved ones will be cared for just as you intend. However, l...
See Full GuideAn Irrevocable Life Insurance Trust (“ILIT”) is a valuable estate planning tool used to reduce estate taxes – known as death taxes during an election year. Whether you need an ILIT depends on how much...
See Full GuideWhether an executor needs to hire an attorney depends on the type of assets, size of the estate, family dynamics, estate tax considerations, and outstanding bills. Does the Will Need to be Probated? A...
See Full GuideMost people do not realize that a Will likely does not control who collects on a life insurance policy. The beneficiary named on the policy supersedes the Will. So long as the policy owner correctly...
See Full GuideIn New York State, a parent has no obligation to leave an inheritance to a child. Many other countries have “forced heirship” which prohibits parents from disinheriting children, but Louisiana is the...
See Full GuideThe limited liability corporation, or LLC, is designed to combine the flexibility and simplicity of a basic partnership with the protection of a corporation. LLCs The limited liability corporation, or...
See Full GuideWhen residential property is owned by a trust, the trustee may sell the property if the terms of the trust permit it. The trust would be the seller of the property and the trustee must sign the listin...
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