Hicksville Estate Planning Attorney
Planning for Your Future & Your Legacy
Hicksville is a hamlet located within the town of Oyster Bay in Nassau County and on Long Island. As of the 2010 census, there were 41,547 people living in Hicksville. With 35.7% of the population having children under the age of eighteen living with them, and 63.1% of the population consisting of married couples, many of the residents of Hicksville would be well-served by putting an estate plan in place to protect their children, their spouses, and to plan for their long-term future and care.
Estate planning is the process of arranging for the distribution of assets upon an anticipated death. The aim of estate planning is to use legally sound strategies to preserve estate assets while minimizing taxes as much as possible. With an estate plan, you have a lot more leeway to make specified arrangements, and you can bequeath real estate or property to friends, distant relatives, or favorite charities that you wouldn't be able to do without a will or a trust.
Other advantages of an estate plan is that you get to plan for incapacitation by appointing an agent to make health care and financial decisions for you, you get to plan for long-term care or Medicaid, you can name a guardian for minor children, and you can include various types of insurance policies that can have designated beneficiaries such as your spouse and your children. One of the primary reasons why people create an estate plan is for state and federal tax reasons.
Your estate is comprised of all of the real and personal property that you own, this includes your home, land, investment properties, automobiles, furniture, artwork, collectibles, and anything else that you have of value. You don't have to be wealthy to need an estate plan if you own a home or have children; you have two very good reasons to start planning.
The Law Offices of Steven M. Adler, PLLC
At the Law Offices of Steven M. Adler, PLLC, our founding Hicksville estate planning lawyers share more than 30 years of experience assisting the residents of Long Island with their estate planning and probate needs. If you have been appointed as a personal representative such as an executor or an administrator to manage your loved one's estate, we can assist you with the administration process. Since probate and trust administration is highly involved tasks, it's very important to enlist the help of a qualified attorney with extensive experience handling estate matters.
In addition to the above, our firm represents clients in a variety of other practice areas that often tie into estate planning; these include business law, real estate law, and family law. Whether you need help creating an estate plan, or working on a business succession plan, or if you need help with estate administration, we have the knowledge and experience necessary to represent your best interests to the fullest extent.
Contact a Hicksville estate planning attorney from our firm at (516) 740-1184 to get started!