Every adult should have at least a basic estate plan in place. That basic plan should also grow with you and your estate. The estate planning attorney you choose to help you construct your estate plan will have a significant impact on the ultimate success of that plan. At Kobrick & Moccia, we understand what your estate plan means to you and to the people you hold dear. With that in mind, we are committed to helping you create a Nesconset, New York estate plan that protects both your material wealth and your loved ones.
Nesconset, New York
Covering 3.8 square miles and located in Suffolk County, the hamlet and census-designated place (CDP) of Nesconset, New York can be found in the town of Smithtown on Long Island. As of the 2010 Census, Nesconset was home to 13,387 residents.
The larger town of Smithtown, within which can be found the Hamlet of Nesconset, was first settled around 1665. Local legend has it that, after rescuing a Native American chief’s abducted daughter, Richard Smith was rewarded with title to all of the land Smith could encircle in one day on a bull. Wisely, Smith took his bull ride on the summer solstice, the longest day of the year, to cover more ground on his ride. Smithtown’s current boundaries are said to approximate the ride Smith took that day. To commemorate Smith’s bull ride, you will find a large anatomically correct statue of Smith’s bull, known as Whisper, in Smithtown.
The hamlet of Nesconset was predominantly farmland until just after the turn of the 20th century. In 1904, brothers and French immigrants Louis and Clemen Vion began to visit the area from their homes in New York City. In 1910, the brothers built a home in the area which still stands today. That home marked the first Nesconset residents. Shortly thereafter, a lumber yard, general store, and post office were constructed as well as the historic Nesconset Schoolhouse and the Nesconset Fire Department. The Vion brothers named the newly established settlement after the Native American chief, Nasseconsett, who deeded the Nissequogue people’s land to Richard Smith.
Kobrick & Moccia in the Nesconset, New York Community
Given the importance of the finished product, care should be taken throughout every step of the estate planning process, starting with your choice of an estate planning attorney to work with you on your plan. The estate planning attorneys at Kobrick & Moccia are dedicated to helping people just like you with their estate planning needs. We look forward to the opportunity to help you create a Nesconset, New York estate plan that reaches all your goals and addresses all your needs.
The estate plan you create today will not be the estate plan you need in ten years because you won’t be the same person in ten years. The changes that occur in your life will precipitate corresponding changes to your estate plan to ensure that your estate plan remains relevant. Initially, a simple Last Will and Testament may suffice to ensure that you don’t leave behind an intestate estate in the event of your sudden death. As both your family and your estate grow, however, your estate plan will need to be updated to take those changes into account. Marriage, for example, may prompt you to want to add your new spouse as a beneficiary and/or a fiduciary within your estate plan. The birth of a child will trigger the need to protect your minor child’s inheritance through the addition of a living or testamentary trust to your overall estate plan. Having a family should prompt you to worry about the possibility of your own incapacity and the need to include incapacity planning in your overall estate plan as well. As your estate assets increase in value, it will become important to incorporate tax avoidance, asset protection, and probate avoidance tools and strategies into your plan. Looking to the future, the need to merge your retirement plan with your estate plan should be considered to ensure that they work in harmony with one another. As retirement looms on the horizon, long-term care and Medicaid planning should be incorporated into your estate plan unless you can afford the high cost of long-term care out of pocket. If you have strong beliefs about the manner in which your body is handled after you are gone and/or about end of life medical decisions, you will want to include advance directives and funeral planning into your comprehensive estate plan to ensure that those wishes are honored.
The estate planning attorneys at Kobrick & Moccia would be honored to help you create and update your individualized estate plan to ensure that everything and everyone that matters to you is protected.
If you have specific questions regarding your estate plan, contact an experienced Nesconset, New York estate planning attorney at the Law Offices of Kobrick & Moccia by calling 800-295-1917 to schedule your appointment.