As Smithtown probate attorneys, we take our responsibility to our fellow community members very seriously. We go the extra mile to educate people about the importance of preparing for the eventualities of aging, and we also do everything possible to provide information about estate planning.There are many different intricacies to consider, and this is why personalized attention is very important, because each case is different. That being stated, there are some generalities that apply to … [Read more...] about Estate Planning: First Things First
A revocable living trust is the ideal estate planning tool for the vast majority of people with a reasonable store resources. This type of trust provides many benefits, and we will look at them in this blog post.One major benefit is the consolidation of assets. If you were to use a last will as your primary estate planning vehicle, you would name an executor in the document. This individual or entity would handle the estate administration tasks. The first order of business would be for the … [Read more...] about Consolidate Assets With a Living Trust
Our Long Island inheritance planning attorneys assist clients that want to craft their legacies. Personalized attention is key, because each case is different, and there is no one-size-fits-all estate plan. This being stated, there is a basic framework that would apply to just about everyone, and we will take a look at it here.Postmortem Asset TransfersClearly, the first order of business will be to arrange for the eventual transfer of your assets to your heirs. Many people assume that a … [Read more...] about Long Island Inheritance Planning 101
When your loved one has passed away, you may be wondering whether you need to be probate an estate. The probate process can be a lengthy, costly, and complicated one so many people would prefer to avoid it. However, whether you will need to go through probate or not is going to depend upon the value of the estate as well as the steps that the deceased person took to facilitate the transfer of assets. There are many circumstances in which it is possible to avoid probate if advanced plans are … [Read more...] about Do All Estates Need to Be Probated?
An estate planning lawyer at Mark S. Eghrari & Associates, PLLC will provide you with comprehensive advice on how to create an update an estate plan after you have gotten married. Putting an estate plan in place after a wedding, or updating the plans that you have already created, can be very important. Marriage has big legal implications regarding who inherits your estate and who is put in charge of assets if something happens and you become incapacitated, and you'll want to ensure … [Read more...] about Estate Planning Steps After Marriage
A Smithtown estate planning attorney can provide you with help creating a comprehensive estate plan that addresses your goals and provides for your family. One of the tools that can be a key part of your estate plan is a last will and testament. While most people are aware of how wills work and what they do, there are still many people who do not have a will in place. You may not have created a will because you are not certain if you need one, especially if you do not have a lot of assets or … [Read more...] about Do You Need a Last Will and Testament?
Smithtown estate planning attorneys at Mark S. Eghrari & Associates, PLLC are here to help you make plans for your future. The compassionate and knowledgeable attorneys on our legal team work closely with you to determine the type of legacy that you want to leave behind and to use the right legal tools to ensure you can provide for your family and protect the assets you care about. We can also help you to be prepared to address end of life issues and to ensure that things go as easily as … [Read more...] about 5 Things Smithtown Estate Planning Attorneys Want You to Know
Probate attorneys at Mark S. Eghrari & Associates, PLLC can provide help to any individual who has been named as executor of an estate. We can also provide representation to heirs or beneficiaries who want to ensure that an executor fulfills his responsibilities properly. Executors have tremendous responsibility during the probate process, which can take around a year to complete according to Investopedia. It is imperative that executors understand what to expect during probate and that … [Read more...] about What Executors Need to Know About Managing Estate Assets
Estate planning attorneys at Mark S. Eghrari & Associates, PLLC provide help with the creation of a comprehensive estate plan. Getting legal help is important because the estate planning process is more complicated than many people realize it is. Making an estate plan is not just a matter of creating a last will and testament. You need to consider the specific needs of your heirs or beneficiaries and make plans to ensure that you are providing an appropriate inheritance structured in the … [Read more...] about How to Make an Estate Plan That Takes Your Family’s Needs Into Account
Long Island estate planning lawyers at Mark S. Eghrari & Associates, PLLC can provide help with the estate planning process. Our legal team works with people who have estates of all sizes to identify their goals and to make an effective plan through the use of the correct legal tools and documents. While making an estate plan is important for everyone, even if you don't have substantial assets, there are certain complexities that arise for people with large estates that make it more … [Read more...] about What Special Legal Issues Do You Face with a Large Estate?