Ensuring Your Will Adapts To Life’s Changes
Creating a will provides a semblance of control over the unknown and reassures us that our loved ones will be taken care of. If you executed your Wills in the 1990s, they would generally still hold validity today.
When you’ve taken the crucial step of drafting a Will, it’s equally vital to prepare your chosen executor for what lies ahead. Informing them ahead of time ensures a smoother process during what can be a challenging period.
When diving into the world of trusts, a frequently asked question revolves around the tax implications: “Does my trust need to file a tax return?” The answer isn’t always straightforward and hinges on several factors related to the structure of the trust.
Britt Burner discusses the importance of basic estate planning documents for all generations, including health care proxies, durable power of attorneys and last will and testaments for both your own planning as well as aging family members.
Whenever a loved one passes, especially one that was depended on, it is often difficult for one to even consider the next steps, yet alone know what those steps are.
You should be checking on your accounts as often as you review your estate plan. In general, we recommend an estate plan review every three to five years. Any change in life circumstances or family, or changes in the law, will warrant a review of your plan as well.
Not all estates require a probate or full administration proceeding in New York State. A small estate proceeding, also known as a Voluntary Administration, is a simplified Surrogate’s Court procedure. Voluntary Administration is available if the decedent died with or without a Will.
Medicare never covers the full cost of a skilled nursing facility. Medicare does not always provide 100 days of rehabilitation, it will pay “up to” 100 days.
A Fair Hearing is how to challenge a determination made by a local social services agency (“Agency”). An Administrative Law Judge from the New York State Office of Temporary and Disability Assistance Office (“OTDA”) precedes over the hearing.
When purchasing investment property, it is better not to own the property in your personal name. Both a Limited Liability Company (LLC) and a Corporation (Corp) offer creditor protection.
The legalities surrounding a Last Will and Testament stem from Roman times, when six witnesses affixed their personal seals to a Will. The Will was later validated by examining these seals to make sure they remained intact.
In The Media
Hon. Gail Prudenti Joins AHRC Nassau Foundation Board of Directors
As a member of the Board, Judge Prudenti will help advance the Foundation’s mission and ensure the long-term sustainability of programs that support children and adults with intellectual and developmental disabilities throughout Long Island.November 15, 2023
Burner Prudenti Law, P.C. Recognized as Tier 1 Law Firm by Best Lawyers
We are honored to announce Burner Prudenti Law, P.C. has received a Tier 1 ranking in Elder Law in Long Island by U.S. News – Best Lawyers for the 2024 edition of “Best Law Firms.”November 2, 2023
Burner Prudenti Law Attorneys Named 2023 Super Lawyers and Rising Stars
Four Burner Prudenti Law, P.C. attorneys have been included in this year’s Super Lawyers and Rising Stars lists for the New York Metro area. Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement.September 22, 2023
Matthew Kiernan, Former Suffolk County Public Administrator, Joins Burner Prudenti Law, P.C.
Burner Prudenti Law, P.C. is pleased to announce that Matthew Kiernan, Esq., former Public Administrator of Suffolk County as appointed by the Surrogates Court, has joined the firm as Counsel.September 22, 2023
Nancy Burner and Britt Burner Recognized as 2024 Best Lawyers in America, Five Attorneys Named Ones to Watch
Nancy Burner and Britt Burner have been included in the 2024 edition of The Best Lawyers in America for the practice areas of Elder Law and Trusts & Estates. This is Nancy’s tenth consecutive year being honored for Setauket, NY, and Britt’s second year being honored, this year for New York, NY.August 21, 2023
Burner Law Group Now Burner Prudenti Law, P.C.
Judge Gail Prudenti, Former Chief Administrative Judge for the State of New York, Joins the Firm, Expanding Its Trust & Estates PracticeAugust 17, 2023
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).
We are honored to have been recognized as TBR News Media Readers’ Choice in the category of Attorney/Lawyer!
New York State has recently passed new legislation – NY Executive Law Section 135-c, bringing significant changes to the rules governing notarization.
Thank you East End! 💙 We’re beyond honored to have been selected as the Best Law Firm – South Fork in Dan’s Papers Best of the Best 2022 list for the third year in a row!
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.
An 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 your assets are worth now or what your potential net worth is in the future.