Long Island Estate Planning Lawyer

Skilled Guidance in Elder Law, Medicaid Planning, Wills, Trusts & Estates in Nassau & Suffolk Counties

All of us eventually need a Last Will and Testament, Power of Attorney, and a Living Will and Health Care Proxy. At Blumberg, Cherkoss, Fitz Gibbons & Blumberg, our estate planning attorneys in Long Island understand that each person has specific needs dependent upon their assets, their family, and their medical requirements. Our skilled team can help you with planning your estate. We also regularly draft revocable, irrevocable, and special needs trusts to accomplish specified goals and preserve assets for future generations.

Probate & Contested Estate Process in Long Island

If you have been named an estate administrator or trustee in the wake of a loved one's death, you have a new array of critical responsibilities in order to resolve or protect the remaining estate. With the help of experienced Long Island estate planning lawyers, this often goes smoothly, but in other instances, there may be disputes with involved parties like creditors or beneficiaries.

When this happens, it will be necessary to go to probate court, present an argument and relevant documentation to the court, and submit to the probate judge's determination on how to proceed. Our Long Island estate planning attorney can accompany you for this process and put a compelling case before the court that clarifies the facts and protects the integrity of your role as estate administrator or trustee.

Protect Your Family's Future with Comprehensive Estate Planning

Planning for the future is essential to ensure that your loved ones are taken care of and your assets are distributed according to your wishes. Our experienced Long Island estate planning lawyers can guide you through the process of creating a comprehensive estate plan that includes wills, trusts, and other important legal documents.

Benefits of estate planning include:

• Peace of mind knowing your family is protected
• Minimization of estate taxes and probate costs
• Clear instructions for asset distribution
• Protection of assets for future generations

Whether you need assistance with elder law, Medicaid planning, or navigating the probate process, our team is here to provide personalized counsel and support. Contact us today to start planning for your family's future.

Medicaid Planning Counsel in New York

With the extraordinary cost of long-term health care and/or nursing home facilities, our firm can also work with you and your family to ensure that the largest possible amount of your estate can be passed on to your loved ones through Medicaid Planning.

A highly cost-effective approach can enable your loved ones to ensure your proper care. You can rest assured knowing that you have provided for your family in the best manner possible.

Estate Planning & Trusts: Which One is Right for You?

In the realm of estate planning, trusts play a vital role in ensuring that your assets are managed and distributed according to your wishes. Our estate planning and trust attorneys in Long Island can help you understand the different types of trusts and determine which one is best suited for your specific needs and goals.

Revocable Trusts
Also known as living trusts, these allow you to retain control over your assets during your lifetime and modify or revoke the trust as needed. They can help avoid probate, provide privacy, and ensure smooth asset management if you become incapacitated.

Irrevocable Trusts
These trusts cannot be changed or revoked once established. They are used for tax planning and asset protection, potentially reducing estate taxes and shielding assets from creditors.

Special Needs Trusts
Designed for beneficiaries with disabilities, these trusts provide financial support without affecting eligibility for government benefits like Medicaid and SSI.

Charitable Trusts
These trusts support charitable organizations or causes while offering tax benefits. They include charitable remainder trusts (CRTs) and charitable lead trusts (CLTs), each with different advantages.

Testamentary Trusts
Created through a will, these trusts only take effect upon your death. They can provide for minor children, manage assets for beneficiaries, or support a surviving spouse, though they are subject to probate.

How Our Long Island Estate Planning Attorneys Can Help

Choosing the right type of trust involves careful consideration of your financial situation, family dynamics, and long-term goals. Our experienced Long Island estate planning lawyers at Blumberg, Cherkoss, Fitz Gibbons & Blumberg can guide you through the process of setting up a trust, will, and comprehensive estate plan that addresses your immediate needs, long-term goals, and overall wishes and preferences.