Estate Planning and ElderLaw Center for Life Care Planning
Main office located in Woodbury, NY
Give Us A Call | 516-692-2744
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Estate planning is a broad legal topic that covers many different tools to help individuals prepare for the future and the disposition of their assets at the time of their deaths. One important legal device that many New Yorkers include in their estate plans is a...
Much of the work of an estate planning attorney revolves around big, complex tools for protecting clients' assets and allowing them to leave a lasting legacy after they are gone. Still, one of the most important documents in estate planning is the humble power of...
The estate planning attorneys at Stefans Law Group tell their clients that a good plan needs to be updated every few years, or after major life events. Some people are a little taken aback when they hear this advice. They have just gone through all the work of...
You have worked hard to accrue wealth over the course of your career. You want that wealth to benefit your children, grandchildren and beyond. But simply leaving the money to them in your will puts it in danger of dissipation. Each time one of your descendants gets a...
Whether it is due to financial challenges, not realizing the importance of planning ahead, or simply wanting to put off the inevitable, many Americans are falling short when it comes to getting their house in order for the sake of the loved ones who will survive them....
While many New Yorkers may have realized the importance of having an estate plan in place in the last year, few may have acted on their impulse to plan for the future. This is because there are some common misconceptions about estate planning: Estate planning is too...
Many Woodbury area residents have taken the time to set up an estate plan. Estate planning is important in order for a person to preserve their wealth and transfer it to the next generation. When a person makes an estate plan, they name an executor who has several...
Those of significant wealth in New York may be concerned that their estate will be subject to the federal estate tax upon their death. Currently, in 2021, if your estate is $11.7 million for a single taxpayer or double that for married couples who file jointly, your...
When a person has a physical or mental disability and lacks the capacity to manage his or her own financial matters, it may be necessary to create a special needs trust. A special needs trust is managed by a trustee. The person for whom the trust is managed is called...
When it comes to estate planning, parents of children with special needs have added concerns. They understand the likelihood of their children outliving them. However, such parents want to make sure that their special needs children – who are not independent in many...