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 Transfers Clearly, the first order of business will be to arrange for the eventual transfer of your assets to your heirs. Many people assume that a …
Do All Estates Need to Be Probated?
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 …
Estate Planning Steps After Marriage
An estate planning lawyer at Eghrari Law Firm 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 that you understand the …
Do You Need a Last Will and Testament?
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 …
5 Things Smithtown Estate Planning Attorneys Want You to Know
Smithtown estate planning attorneys at Eghrari Law Firm 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 possible for you and …
What Executors Need to Know About Managing Estate Assets
Probate attorneys at Eghrari Law Firm 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 they get the proper help …
How to Make an Estate Plan That Takes Your Family’s Needs Into Account
Estate planning attorneys at Eghrari Law Firm 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 way that will best …
What Special Legal Issues Do You Face with a Large Estate?
Long Island estate planning lawyers at Eghrari Law Firm 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 difficult to create an …
Estate Planning Advice for Grandparents
Long Island elder law attorneys provide advice to clients who are interested in making plans to address their legacy and to prepare for end of life issues. It is important for anyone concerned about securing his or her future or providing for his or her family to take smart steps to talk with an experienced legal professional. Getting personalized help is key because your family situation will affect what steps you need to take to secure your legacy. Eghrari Law Firm can help you to make a …
A Long Island Trusts Lawyer Explains in Forbes Why a Trust is Something That You Need to Create
Trusts are a tool that can be used for estate planning and asset protection. As Long Island trusts lawyer Mark Eghrari explained in a recent Forbes article, trusts are very versatile. They can even help to protect your money when you are alive, which NBA player Michael Carter-Williams took advantage of when he put a part of his salary into a trust that he wasn’t able to access for three years. The goals of the trust that Carter-Williams created were to ensure that he was responsible with his …
How to Pick a Legal Guardian for Your Kids
Long Island estate planning attorneys help you to plan ahead for what happens when tragedy strikes your family. We can assist you in making plans in case you become incapacitated and we can help you to plan for end of life issues as well as for what happens after you pass away. It is important not only for older people to make these plans, but also for young people as well- especially once children are born and parents must make plans for what will happen to their kids if the parents are not …
A Long Island Estate Planning Lawyer Explains in Forbes The Importance of Preparing to Live Longer than You Expect
Life expectancies are getting longer, and more people are living to older ages than could have been imagined just a few decades ago. As Long Island estate planning lawyer Mark Eghrari explains in an article in Forbes, many seniors are also hoping to remain independent and continue living in their own homes for as long as they can. While a longer life is a good thing, living longer unfortunately increases the risk of running out of money during the course of your retirement. This could create …
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