If you have yet to create an estate plan, you are hardly alone. More than half of all Americans do not have an estate plan in place despite acknowledging the importance of estate planning. The good news is that there is no time like the present to get started. A well thought out estate plan can accomplish a number of important goals, including creating a framework for the division of your estate assets upon your death, protecting you and your family in the event of your incapacity, and ensuring that your loved ones are provided for when you are gone. At Kobrick & Moccia, we look forward to the opportunity to sit down with our friends and neighbors in the Commack, New York community and discuss how we can help you get started with your estate plan.
Commack, New York
Located on Long Island, Commack, New York is a census designated place (CDP) that roughly corresponds to the hamlet by the same name in the towns of Huntington and Smithtown in Suffolk County. Commack covers 12 square miles and has just over 36,000 residents as of the 2010 Census.
The name “Commack” comes from the Secatogue Native Americans who lived on the South Shore of Long Island between Copiague and Bayport. The Secatogue named their northern lands in the center of the island Winnecomac, meaning “pleasant lands.” The name fits given the acres upon acres of rich soil, thick oak forests, and abundant plants and wildlife. From its earliest days, Commack was known for its fertile soil, abundance of game, and wood.
Commack is home to the oldest Methodist Church building in New York State, the Commack Methodist Church, built in 1789 as the Comac Church. It is listed on the National Registry of Historic Places and is one of the oldest buildings in Commack.
The American Basketball Association’s New York Nets, later the New Jersey Nets, now the Brooklyn Nets, played its second season (1968–69) at the Long Island Arena in Commack. Musician Peter Frampton recorded some tracks on the album Frampton Comes Alive! at a concert at the arena. The Eastern Hockey League’s Long Island Ducks also played there. The National Jewish Sports Hall of Fame and Museum is located in the Suffolk Y Jewish Community Center in Commack.
Kobrick & Moccia in the Commack, New York Community
Estate planning encompasses much more than just deciding what will happen to your assets when you are gone. It should also protect those assets and help them grow while you are alive as well ensure that they continue to provide for your loved ones when you are gone. The attorneys and staff at Kobrick & Moccia are committed to helping our friends and neighbors in the Commack, New York community create an estate plan that accomplishes each of these goals and many more like them.
Estate planning is unique within the law in that, unlike most other legal matter you undertake, estate planning is not something that is ever truly finished. On the contrary, estate planning is a lifelong process that works best when you establish a solid relationship with your estate planning attorney. Your initial estate plan will likely focus on the distribution of your limited estate assets because you have yet to acquire a significant estate nor yet started a family. Making sure you do not leave behind an intestate estate should something happen to you will likely be your primary goal. As both your estate and your family grow, however, your estate plan will need to grow along with them. If you get married and/or become a parent, the addition of estate planning tools and strategies designed for parents with minor children will become important. Likewise, as you acquire additional assets, components such as asset protection and tax avoidance may also need to be added to your estate plan. Looking toward retirement, you will want to merge your retirement plan with your estate plan to make sure they work in harmony with one another as well as incorporating Medicaid planning into your comprehensive estate plan to cover the high cost of long-term care if necessary. Finally, you may wish to consider adding advanced directives as well as funeral and burial planning to your estate plan to ensure that your wishes will be honored at the end of your life. 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 Commack, New York estate planning attorney at the Law Offices of Kobrick & Moccia by calling 800-295-1917 to schedule your appointment.