Connors & Sullivan attorneys at law, pllc
Tell Us About Your Estate Planning Needs:
718-414-6209

Posts tagged "Estate Planning"

Estate planning lessons learned from our parents' mistakes

Dealing with a parent's diminishing physical and/or cognitive health can be both emotionally and financially draining. The same is true when a parent passes away, as many adult children are left to sort out not only their own complex feelings, but also complex estate matters.

Things to consider when selecting an executor for your estate

Most people are familiar with the estate planning document known as a last will and testament. Frequently regarded as the most basic of all estate planning documents, via a will, an individual can express his or her wishes with regard to the distribution of assets and personal belongings.

Fear and intimidation common reasons for avoiding estate planning

While most people know that they should take steps to plan for what happens to their assets and belongings after they die, an alarming number of U.S. adults don't even have a will. In fact, according to an April 9, 2014 article in Forbes, 51 percent of Americans between the ages of 55 and 64 don't have wills

Estate tax savings strategies

Individuals who take the time to establish an estate plan, often spent years creating and updating its provisions as their lives and financial and familial circumstances change. In cases where an individual has amassed a considerable amount of assets and plans to leave all or a portion of his or her wealth to children and grandchildren, it's important to seek the advice and assistance of an estate planning attorney.

If you prefer to do your estate planning 'quietly'

We have previously written about the benefits of sharing one’s thoughts about estate planning with one’s family and close friends. Especially if there is a risk that one’s estate plan will be fought over by frustrated relatives, talking about one’s estate plan in the open can help to ensure that such fighting is preempted.

For parents, issues surrounding equality and estate planning can be complex

Anyone who grew up with one or more siblings can likely recall a time or two when you felt jealous of a brother or sister or that your parents favored a sibling over you. Many parents work very hard to try to create a family environment in which each child feels that they are equally loved, appreciated and supported. However as children grow and age, inevitably, there will be times when one child needs more attention or financial support.

How To Provide For Everyone In Your Blended Family: part II

In our last blog post, we began discussing ways that individuals with blended families can tailor their estate plans to provide for loved ones as they see fit. In our last post, we discussed how individuals who have children from a previous marriage or relationship and are now remarried, can use a prenuptial agreement to ensure that the bulk of one's estate goes to one's children.

How to provide for everyone in your blended family

Within the United States, the familial structure has never been so complex. Among those Americans who do marry, roughly 50 percent will eventually divorce; however, many of these divorcees will marry again. A 2013 report by the Pew Research Center revealed that four out of every 10 new marriages involves at least one individual who was previously married. Adding to the complexity of the modern family structure in the U.S. are statistics from the Centers for Disease and Prevention, which show that nearly 41 percent of births in the U.S. are to unwed mothers.

Heirs advised to seek advice and assistance regarding inheritance assets

For many older Americans, a key estate planning goal centers on passing wealth and property down to children and grandchildren. Over the course of the next three to four decades, financial experts estimate that baby boomers will pass on upwards of $30 trillion to heirs. For those individuals on the receiving end of an inheritance, it's wise to take steps to safeguard against potential pitfalls and to seek the advice and counsel of a financial and estate planning professional.

Your Trusted Guides For Every Stage Of Life And Every Step
Of The Estate Planning Process
EMAIL US FOR A RESPONSE

Set Up Your Free Initial Consultation

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

Privacy Policy

Connors & Sullivan attorneys at law, pllc

Visit us at one of our 5 locations.

Brooklyn Office
7408 Fifth Avenue
Brooklyn, NY 11209

Phone: 718-414-6209
Fax: 718-238-2616
Brooklyn map

Bayside Office
200-20 Northern Boulevard
Bayside, NY 11361

Phone: 718-414-6209
Bayside map

Middle Village Office
79-43 Metropolitan Avenue
Middle Village, NY 11379

Phone: 718-414-6209
middle village map

Staten Island Office
1250 Hylan Boulevard
Staten Island, NY 10305

Phone: 718-414-6209
staten island map

Manhattan Office
880 Third Avenue
New York, NY 10022

Phone: 718-414-6209
Map & Directions