When a loved one passes away, family and friends tend to gather together and share their mutual grief and loss. As a general rule, the last thing people want to think about at this time are the legalities involved in a death. Someone, however, must focus on the decedent’s estate and on the probate of that estate. If your loved one named you as the Executor of his/her Last Will and Testament it means that person is you. Because probate can be a complex and time-consuming undertaking, most … [Read more...] about How Probate Attorneys Can Help an Executor
These days, many families include children, stepchildren, former spouses and in-laws. The number of remarriages has been steadily rising, so advance wealth planning with clear goals is advised. You want to take care of your spouse and your children, but letting them work it out after you're gone is a recipe for disaster. Fortunately, estate planning takes into account your unique family situation and can alleviate most of your concerns. Good communication is key. Have an honest … [Read more...] about Blended Families
If you are like the average person, when you think about estate planning you focus on the need to create a roadmap for the distribution of your estate assets when you are gone. Distributing your estate assets is certainly a common estate planning goal; however, it should not be your only goal. On the contrary, a comprehensive estate plan should include a wide variety of additional estate planning goals and objectives. Exactly what those additional goals and objectives are is something only you … [Read more...] about Long Island Estate Planning Attorneys Discuss Common Components in an Estate Plan
Are you starting to feel the pressure to have a retirement plan in place? If so, you are not alone. It seems as though the push is on to start planning from the moment you accept your first “real” job. One reason for that is the simple fact that it takes so much more to live comfortably during your retirement years today than it did just a couple of generations ago. With that in mind, when should you really start retirement planning? How Retirement Planning Has Changed If you are at the start … [Read more...] about When Should I Start Retirement Planning?
Gift and Estate Taxes: Is Your Estate Prepared from Saul Kobrick The federal gift and estate tax rate is permanently set at 40 percent, meaning your estate could lose almost half of its value to taxes if your estate is subject to the tax. Learn more about gift and estate taxes is your estate prepared in this presentation. … [Read more...] about Gift and Estate Taxes: Is Your Estate Prepared
Your estate plan should be the most important set of legal documents you ever create and execute. With this in mind, choosing an estate planning attorney to help you with your estate plan may seem like a daunting task, particularly if you have never needed an attorney before now. At The Law Offices of Kobrick & Moccia we understand how important your estate plan is to you as well as how intimidating it can be to try and choose the right attorney. After all, creating an individualized estate … [Read more...] about Communities We Serve – Garden City, New York