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Category: Estate Planning
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Latest News

Hon. Gail Prudenti Selected as a Top Lawyer in Long Island

We're excited to announce that Hon. Gail Prudenti has be recognized by the Long Island Herald as a 2024 Top Lawyer of Long Island award recipient for her excellence in the Trusts and Estates practice area.

April 22, 2024
End of Life Decisions

Making end of life decisions are crucial components of any estate plan. As Elder Law attorneys, we deal with these issues every day. Some advance directives are signed in an attorney’s office and some are executed with a health care provider.

September 23, 2015
Advance Directives

Advance directives are documents that are usually signed with an estate planning attorney while the client still has capacity and are meant to give direction as to how the client’s healthcare and financial decisions should be handled in case of incapacity. Advance directives traditionally include a health care proxy, living will, and durable power of attorney.

August 31, 2015
Not All Powers of Attorney Are Created Equal

In practicing Elder Law, it is common for clients to come in to discuss applying for Medicaid to cover the cost of long term care for an ailing parent who has lost the mental capacity to make decisions for themselves. Before we even begin to discuss what transfers would need to be made to make the parent eligible for Medicaid, I ask if their parent has a power of attorney.

July 31, 2015
Internet Wills

My friends used an online service to prepare their Wills. They signed them at in the presence of their neighbors. They said it was much less expensive than going to an attorney to have a Will prepared. I am planning to disinherit one of my children but I am hesitant to have my Will prepared by an online service. Can you give me some advice?

July 27, 2015
Protecting Your Home

Clients often ask how they can ensure the home in which they live or their vacation home can be protected against the cost of long term care. These assets are often worth much more to our clients than the cash value; they represent hard work to pay off the mortgage and are wrapped in memories.

July 1, 2015
What Is an Inventory of Assets?

I am the Executor of my father’s Estate. The Surrogate’s Court has asked me to provide them with an “Inventory of Assets”. What is an Inventory of Assets?

April 12, 2015
Update Your Simple Will

My parents are currently in their 80s and still have their Last Will and Testaments which were prepared 40 years ago. The Wills say that everything goes to the surviving spouse and then to their children if the spouse is deceased. Are these Wills still valid? Are there any updates which should be made?

January 2, 2015
How Can We Avoid Capital Gains?

I am considering creating an Irrevocable Trust to protect my house and other assets, but I am concerned about creating a situation where my children will have to pay Capital Gains tax.

December 24, 2014
Outright Transfer of Home

My friend suggested that I transfer my house to my children in case I need nursing home care in the future. Is this advisable?

December 3, 2014
A DIY Disaster in Estate Planning

As a recent first time homeowner, the phrase “Do It Yourself” or “DIY” takes me back to the late nights this past February of spackling, sanding and painting all of the walls in my house with my husband. We were fortunate that this was the only work that needed to be done.

November 17, 2014

Our Blog

Thought Leadership

Estate 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, life’s unpredictability sometimes throws a curveball. What if a beneficiary becomes disabled after you’ve finalized your estate plan?

September 8, 2023 Read Article

Estate planning involves careful consideration of various factors to ensure that your assets are protected and distributed according to your wishes. One element that can add an extra layer of flexibility and protection to your trust is the inclusion of a Trust Protector.

July 14, 2023 Read Article

Everyone knows the statistics – almost 50% of marriages in the United States end in divorce. Second and third marriages fail at an even higher rate.

May 15, 2023 Read Article

Mental illness refers to a wide range of conditions that affect an individual’s mood, thinking, and behavior. These conditions can affect a person’s ability to function in daily life and can vary in severity from mild to severe.

April 3, 2023 Read Article

When the SECURE Act passed in 2019, the biggest impact on estate planning was the elimination of the “lifetime stretch” for most beneficiaries of individual retirement plans (IRAs).

March 10, 2023 Read Article

We use the phrase “estate plan” dozens of times every day. It is useful for us attorneys because it describes a group of documents. Unfortunately, estate planning sounds much fancier than it is.

February 6, 2023 Read Article