For most people, a primary motivation for creating a Last Will and Testament is to ensure that their estate assets are distributed according to their wishes after they are gone. If that Will is invalidated, however, that State of New York ultimately decides what happens to your assets. Knowing that, it seems wise to do what you can to prevent challenges to your Will. Toward that end, a Harrison estate planning lawyer at the Law Offices of Kobrick & Moccia discusses tools and strategies to … [Read more...]
Use Trust Protectors for Added Protection and Flexibility
Trust Protectors are increasingly popular in trusts. This article examines how Trust Protectors can add flexibility to your trust. This flexibility helps achieve your goals and can protect the beneficiaries and Trustee.Use Trust Protectors for Added Protection and Flexibility … [Read more...]
How Will You Obtain the Care You Need?
What’s the right direction for you in planning for the help you might need in the future? Seven in ten of us will need long-term care at some point in our lives. Here are possible paths for covering the assistance you may need.How Will You Obtain the Care You Need? … [Read more...]
Make Your Own Plan
Planning is important. If you don’t plan, your assets go pursuant to the state’s default plan, which may be very different from what you want. If you plan, you can be sure your assets go exactly to whom you want and in a manner that can benefit them the most.Make Your Own Plan … [Read more...]
If You Are a Baby Boomer, It’s Time to Review Your Estate Plan
If you are part of the Baby Boomer generation, you are certainly old enough to have learned the importance of having an estate plan in place. You are also now old enough that it is time to review and revise that plan if you haven’t done so recently. The Hauppauge estate planning attorneys at the Law Offices of Kobrick & Moccia explain why it’s time for Baby Boomer’s to update their estate plan. Baby Boomers Reach Retirement Age As World War II came to an end, servicemen and women returning … [Read more...]
Can a Third Party Refuse to Honor an Agent’s Power of Attorney?
One of the most well-known and commonly used estate planning tools is a Power of Attorney. There is a very good chance that at some point in your life you will execute a Power of Attorney (POA) and/or be named as an Agent in someone else’s POA. What happens though, if a third party refuses to honor a POA? The Harrison estate planning attorneys at the Law Offices of Kobrick & Moccia explain New York law regarding a third party’s refusal to honor an Agent’s authority under a Power of … [Read more...]
What Is Trustee Self-Dealing?
Given the flexible nature of a trust, and the numerous and varied goals a trust can help you achieve, it should come as no surprise that trusts are frequently used in an estate plan. If you decide to incorporate a trust into your estate plan, you will need to appoint someone to be the Trustee of the trust. Your choice of Trustee is extremely important because your Trustee will be in a fiduciary role. There are several ways a Trustee can violate the duties that come with that fiduciary role. The … [Read more...]
Top 10 Pet Inheritances
If you have a pet that you consider to be part of the family, you undoubtedly worry about what would happen to your pet if something were to happen to you. You may, however, be reluctant to include your pet in your estate plan. It may seem unnecessary, or even silly, to do so. Pet planning, however, is not only not silly, it is actually quite common. To illustrate the Hauppauge pet planning attorneys at the Law Offices of Kobrick & Moccia discuss the top 10 largest pet … [Read more...]
What’s Wrong with Using Do-It-Yourself Estate Planning Forms?
Planning for Education Expenses
Planning is important when providing for your children or grandchildren. But planning for their education has special importance and may have special advantages. This article looks at how a trust can be used to provide for your child or grandchild’s education. The article looks at how a trust can protect those funds.Planning for Education Expenses … [Read more...]
