Connors and Sullivan, Attorneys at Law, PLLC
For a complimentary consultation
212-235-1339 718-414-6209

Estate Planning Archives

5 Common myths about estate planning

It can be confusing to think about wills, trusts, health care directives and powers of attorney, but it is important to consider estate planning sooner rather than later. Do it for your family instead of leaving the state a portion of your estate when you die. Here are five common misunderstandings about estate planning to help you see the value in having a plan for your assets.

Things to consider when choosing the executor of your estate

Many people in Brooklyn do not give much consideration to who they choose to act as their estate executors. They choose family members and friends because they do not believe they will ever need them to fulfill those roles, and they are not aware of what is involved. Executor designations are not decisions that should be made lightly. It is important for you to choose someone you know and believe will act in good faith on your behalf. Here are some things you should consider when choosing an executor for your estate.

Don't have any kids? You will want an estate plan

While an estate plan is important for parents, people without children might find an estate plan even more essential. If you do not have any kids then the result of your savings, house and wellbeing is up in the air without a written plan.

Two retirement planning tips for families with special needs children

Planning for retirement is an important step towards financial security. Finding the right plan for your family can be an intimidating feat, especially for families with a special needs child. In addition to planning for the future financial needs of two adults who are no longer receiving an income from an employer, these families also need to take into account the needs of another individual.

How to keep a New York business in the family

Succession planning should be a top priority for any entrepreneur who wishes to transfer a business to a family member at some point in the future. One way to do this is to ensure that the company has been sufficiently developed so that it can be operated by another person. This means researching economic trends and other issues that may influence how the company can be run in the future.

Is contaminated property part of your estate?

Many people choose to leave property to their loved ones or favorite charitable causes. But what starts as a kindly act can go terribly wrong if the land turns out to be contaminated. Unfortunately, estate plans involving environmentally contaminated property happen more than you might think. In many cases, the individual or couple gifting the property may not even aware the land is contaminated or is in violation of environmental regulations.

Oh baby! Prepare for parenthood with these four financial tips.

Prenatal classes, baby showers and birthing classes - oh my! Preparing for a baby is enough to leave your head spinning. Just when you think you have everything figured out and that hospital bag packed, you read the latest data on the cost of raising a child.

Packing for a summer vacation? Consider prepping a travel will.

For many families, summertime means vacation time. Trips to Europe or other exotic locations may be part of your summertime relaxation plan. If so, it may be wise to consider putting together a vacation will.

The four reasons single parents should set up an estate plan

Most people presume that a comprehensive estate plan is unnecessary until you are retired and wealthy. It is true that trusts are essential tools to minimize estate taxes, provide for charities, and ensure loved ones are able to benefit from your hard work.

Office Locations

Brooklyn:
Connors and Sullivan, Attorneys at Law, PLLC
7408 Fifth Avenue
Brooklyn, NY 11209

Phone: 718-414-6209
Fax: 718-238-2616
Brooklyn Law Office Map

Manhattan:
Connors and Sullivan, Attorneys at Law, PLLC
110 East 59th Street
New York, NY 10022

Ph: 212-737-2700
New York Law Office Map

Bayside Queens:
Connors and Sullivan, Attorneys at Law, PLLC
200-20 Northern Boulevard
Bayside, NY 11361

Ph: 718-225-7200      
Bayside Law Office Map

Middle Village Queens:
Connors and Sullivan, Attorneys at Law, PLLC
79-43 Metropolitan Avenue
Middle Village, NY 11379

Ph: 718-238-6500
Middle Village Law Office Map

Staten Island:
Connors and Sullivan, Attorneys at Law, PLLC
1250 Hylan Boulevard
Staten Island, NY 10305

Ph: 718-414-6209  
Staten Island Law Office Map

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Legal Leaders Presents Martindale-Hubbell | Top Rated Lawyers 2015 | Featuring AV Preeminent | Martindale-Hubbell Lawyer Rating NAELA | National Academy of Elder Law Attorneys, Inc. | Member | Leading the way in Special Needs and Elder Law