Long Island Estate Planning Attorney

Protect Your Family's Future with Comprehensive Estate Planning

It is never too soon to begin planning for the future protection of your loved ones, and the assets for which you have worked so hard. Because forming an estate plan is a personal process in Long Island, it is important to make sure the legal team you hire is one you can trust.

Our Long Island estate planning lawyers take the handling of our clients' assets, children, property, and loved ones incredibly serious. If you retain our representation, we will get to know you, and gain a clear understanding of your specific goals and desires.

Don't wait to secure your family's future. Contact The Virdone Law Firm, P.C. calling at (516) 712-2142 or filling out this form to schedule a consultation with a knowledgeable New York estate planning lawyer.

What Is Estate Planning in New York?

Estate planning is one of the most essential steps you can take to secure your assets, protect your loved ones, and ensure that your wishes are followed in the future if you become incapacitated or after you pass away. 

Estate planning involves more than just writing a will. It encompasses a range of legal tools and strategies designed to address the diverse needs of individuals, particularly those in their later years. Our experienced Long Island estate planning attorneys can help you create a comprehensive plan that addresses your specific needs and goals.

There are four main elements of estate planning:

• Last Will & Testament – This is your will, and it designates where your assets will go once you have passed. It can also designate guardians for minor children and appoint an executor to oversee the distribution of your estate.
• Healthcare Power of Attorney (HPOA) & Living Wills – The HPOA designates someone as the person who will make healthcare decisions on your behalf in the case that you are unable to. A living will specifies your wishes regarding your medical care in case you become incapacitated and unable to communicate these wishes on your own.
• Financial Power of Attorney – Similar to the HPOA, this designates someone as the person who will make your financial decisions in case you are unable to.
• Trusts – This is a legal entity that owns and controls your assets based on the stipulations provided. Here you transfer your assets to a trustee, who manages those assets on behalf of your beneficiaries. Trusts can be used to minimize estate taxes, protect assets, and avoid probate.

As your Long Island estate planning attorneys, we ensure that your plan reflects your specific needs, circumstances, and goals. Each individual and family has unique priorities, and the goal of estate planning is to address those priorities effectively and efficiently.

Benefits of an Estate Plan

Benefits of comprehensive estate planning include:

• Peace of mind knowing your loved ones are taken care of
• Minimization of estate taxes and probate costs
• Protection of assets from creditors and lawsuits
• Clear instructions for healthcare, medical wishes and end-of-life decisions
• Avoidance of family disputes and legal battles
• For business owners, estate planning ensures that it continues to operate smoothly in the event of your passing away

Our lawyers limit the number of estate planning cases we take on so that every client is treated with the level of individualized attention they deserve. Our legal team of estate attorneys serving Long Island wants to ensure that we create an environment where our clients can feel comfortable and confident with the guidance they receive.

The Importance of Regular Estate Plan Reviews

Long Island estate plans are not set in stone, which means that you can make alterations whenever you so desire. Life circumstances change, and so do laws and regulations. Regularly reviewing your estate plan is crucial to ensure it continues to meet your needs and reflects your current wishes.

Reasons to schedule an estate plan review include:

• Life Changes: Marriage, divorce, birth of a child, or the death of a loved one can significantly impact your estate planning needs.
• Changes in Assets: Acquiring new properties, investments, or significant financial changes may require updates to your plan.
• Legal Updates: Laws regarding taxes, inheritance, and estate planning can change, potentially affecting your estate plan's effectiveness.
• Shifts in Personal Wishes: Your goals and desires may evolve over time, necessitating adjustments to your estate plan.

At The Virdone Law Firm, P.C., we recommend scheduling a review of your estate plan every three to five years, or after any major life event. Our experienced estate planning attorneys in Long Island can guide you through the necessary updates to ensure your estate plan remains aligned with your current situation and protects your family’s future.

Why Choose Us?

If you are still hesitant about forming an estate plan, consider the advantages that creating a plan could have on your loved ones. Forming an estate plan can spare your family the time, money, and energy that is associated with having to go through probate. In addition, you can ensure that your assets go to the beneficiaries of your choosing, and that guardians you trust will assume responsibility for your children.

Benefits of Working with Our Firm

• Free Consultations
• Friendly & Personable Service
• Backed by over 27 years of legal experience
• Unparalleled Legal Representation
• Extensive Track Record of Success
• Cost-Effective Legal Representation
• Customized Plans Fit Meet Your Objectives
• We Genuinely Care About Your Family's Well-Being

Our attorneys want you to be confident that your estate plan is an exact replica of your wishes. In doing so, you can obtain peace of mind knowing that if you were to suddenly pass away, your assets and loved ones will be accounted for in the manner of your choosing. 

Our lawyers are proud to offer potential clients free case evaluations, so do not wait until it is too late! Give our law firm a call today to request a free consultation and get started on your estate plan with a caring and helpful estate planning lawyer serving Long Island, NY.