Owning a business is more than a career, it’s a legacy. For business owners in Long Island, planning ahead is critical to ensure your company continues to thrive when you step away or pass it… Read This Post
Estate planning is an important step in protecting your assets and ensuring your loved ones are provided for. But many families also wonder whether the costs associated with estate planning can reduce their tax burden…. Read This Post
An executor is the person responsible for carrying out the instructions in a will. This role involves handling legal paperwork, paying debts, and distributing assets. Key points to know include: • Executors act in the… Read This Post
In New York, there is no formal “reading of the will” like you see in movies. Instead, the will becomes part of the probate process, and beneficiaries are notified as the estate moves forward. Key… Read This Post
Yes, a trust can legally own an LLC in New York. When structured correctly, this arrangement offers asset protection, estate planning benefits, and smoother transfers of ownership. Here are the key points: • Trusts may… Read This Post
When people ask what documents are needed for estate planning, the answer usually comes down to these five essentials: • Will• Revocable living trust• Health care directive (living will and health care proxy)• Durable financial… Read This Post
