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Expert Guidance for Probate and Estate Planning in Bayport, NY | Lanzet & Associates, P.C.

Navigating Probate and Estate Planning in Bayport, NY: Expert Insights from Lanzet & Associates, P.C. In the serene hamlet of Bayport, NY, the importance of estate planning and probate cannot be overstated. As families build their lives and accumulate assets in this picturesque Long Island community, ensuring the smooth transfer of wealth and protecting loved Read More... from Expert Guidance for Probate and Estate Planning in Bayport, NY | Lanzet & Associates, P.C.

The Importance of Wills for Parents

There is never a good time for tragedy to strike. It lies in wait to indiscriminately cause pain to whomever is unlucky enough to cross its path. Nobody can do anything to change this, but having the foresight to plan for any tragedy can mitigate some of its consequences. This is especially true for estate Read More... from The Importance of Wills for Parents

Should You Consider a Chapter 7 Bankruptcy?

The start of each year often marks the pinnacle of financial stress for many American households. This is caused by the ending of the holiday season, which is characterized by increased travel and gift-giving expenses, and the looming start of tax season. This year, however, might be worse for many households than in past years Read More... from Should You Consider a Chapter 7 Bankruptcy?

Differences Between Article 81 Guardianship and Article 17A Guardianship

For most parents in the United States, watching their child turn eighteen is a joyous occasion as it marks the start of their adulthood and the shifting of legal responsibilities from the parents to the child. Unfortunately for many parents of disabled children, this occasion causes more stress than joy due to the increased legal Read More... from Differences Between Article 81 Guardianship and Article 17A Guardianship

How to Avoid a Contested Will

Writing a Will is the best way to plan your estate and distribute all the assets you’ve accumulated throughout your life after you pass away. Knowing that your wishes will be followed and that those who mean the most to you will correctly receive what was allocated to them after you pass on allows you Read More... from How to Avoid a Contested Will

How to Ensure a Smooth Estate Distribution and Avoid Will Contests

Writing a Will is a critical step in planning your estate, ensuring that your assets are distributed according to your wishes after you pass away. While the act of creating a Will brings a sense of security, it’s important to be aware of potential challenges. Approximately 3% of Wills in the United States face some Read More... from How to Ensure a Smooth Estate Distribution and Avoid Will Contests

grandparent grandchild hands

Things to do before you die

Though often difficult to think about, estate planning is a crucial aspect of one’s legal obligations you should do before you pass away. It involves ensuring that your assets are appropriately distributed according to your wishes, that your loved ones are taken care of when you’re no longer around, and making your passing as easy Read More... from Things to do before you die

Best Elder Law Firm in Long Island

Elder law is the field of law that specializes in issues faced by older adults. It encompasses many topics, including estate planning, healthcare planning, and long-term care planning, among others. Elder law’s primary goal is to ensure seniors are well protected and cared for. To that end, we at Lanzet & Associates PC have a Read More... from Best Elder Law Firm in Long Island

Best Divorce Lawyers in Long Island

Going through a divorce is a legally and emotionally challenging event, regardless of the specific circumstances. At Lanzet & Associates PC, we understand that our clients deserve personal attention and straightforward answers that respect their feelings while still being legally accurate. Our experienced and compassionate attorneys are trained to handle matrimonial and family law in Read More... from Best Divorce Lawyers in Long Island

Bankruptcy Lawyer Long Island

Serving Long Island and New York City.   Few things are as overwhelming as monumental financial challenges. Though facing bankruptcy is always hard, we’re here to help you with the process. Though we are a general practice firm, we have worked with hundreds of clients facing crushing debt and seemingly unsurmountable financial problems. We at Read More... from Bankruptcy Lawyer Long Island

Wealth Transfer Checklist

An all-in-one wealth transfer checklist Talk with your loved ones about transferring assets and protecting your legacy. FIDELITY VIEWPOINTS – 02/18/2021 9 MIN READ Key takeaways: Talking with family members about plans to protect and transfer assets can help avoid unwelcome surprises after you or your spouse dies. Choosing the appropriate people to fulfill the Read More... from Wealth Transfer Checklist

Prince didn’t have a will and neither do nearly 60 percent of Americans

Prince didn’t have a will and neither do nearly 60 percent of Americans

By Tom Anderson Prince shocked estate planners everywhere when it was revealed after his death that he didn’t have a will.   The Purple One was not alone. Only 42 percent of U.S. adults have a will, according to a survey by Caring.com, a website for family caregivers. The top reason people gave for slacking Read More... from Prince didn’t have a will and neither do nearly 60 percent of Americans

Talk About Their Money

The Last Taboo: Your Parents Still Won’t Talk About Their Money With You

by Elizabeth Harris It’s tempting to put off talking about death and money. After all, who really wants to face their own mortality? Couple that with the potential discomfort about revealing specific details about estate plans and it’s easy to see why many families still avoid the topic.   Yet in a surprising new look at the Read More... from The Last Taboo: Your Parents Still Won’t Talk About Their Money With You

Do You Know Who Gets Your Assets When You Die?

Do You Know Who Gets Your Assets When You Die?

By James Watkins III When most people hear the phrase “estate planning,” they immediately think of a will. However, while a will is often the cornerstone of an estate plan, there are certain types of assets it does not control, including insurance policies, individual retirement accounts, 401(k)s, and similar retirement accounts. These assets can be Read More... from Do You Know Who Gets Your Assets When You Die?

Eight Lessons From Celebrity Estates

Eight Lessons From Celebrity Estates

The saying goes that anyone who does not learn from mistakes in the past is doomed to repeat them.  In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.  Mistakes in the estate planning of high profile celebrities is one very good way to learn the lessons of Read More... from Eight Lessons From Celebrity Estates

The (Only) 3 Reasons You Should Have an Irrevocable Trust

The (Only) 3 Reasons You Should Have an Irrevocable Trust

Despite what you may have heard, you probably do not need (or want) an irrevocable trust. When you create an irrevocable trust you are creating a document you cannot change easily, and the property you transfer to the trust is no longer in your control. So why would anyone part with power over his or Read More... from The (Only) 3 Reasons You Should Have an Irrevocable Trust

Divorcing During COVID?

Divorcing During COVID? 5 Things You Need To Know

Have you decided to get divorced during the COVID crisis? You are not alone. This prolonged period of quarantining is causing many people to reevaluate their lives. They have had enough of their spouses during this pandemic and decided to finally start anew.   If you have decided that now is the right time to Read More... from Divorcing During COVID? 5 Things You Need To Know

Higher Taxes Are Coming

Higher Taxes Are Coming – Here’s How To Prepare

We are all dealing with greater uncertainty than usual driven by questions like: How long will we be battling Covid-19? What will the economic impact be? How will the stock market perform? And will my kids ever go back to school? Another worry that might not be on everyone’s radar is the likely increase in taxes Read More... from Higher Taxes Are Coming – Here’s How To Prepare

A Chapter 7 Bankruptcy is the simplest and most common type of consumer bankruptcy.

Chapter 7 Considerations

A Chapter 7 Bankruptcy is the simplest and most common type of consumer bankruptcy.  A debtor who qualifies, will have much of their debt eliminated and given a chance to rebuild their credit.  A Trustee is appointed to liquidate the debtor’s non-exempt assets in order to pay off their creditors. In order to qualify for Read More... from Chapter 7 Considerations

Proposed blog on new proposed GOP tax bill

“Before anyone should get too excited about the proposed new GOP tax plan a careful review of the affect of the changes is critical in order to know whether it works for you. The average taxpayer may find that the proposal works as a tax increase and not decrease. In high State and Local tax Read More... from Proposed blog on new proposed GOP tax bill

When was the last time you updated your will

When was the last time you updated your will?

When was the last time you updated your will?Do you have a Healthcare Proxy? Read More... from When was the last time you updated your will?