Long Island Estate Planning Lawyers
At the office of Anthony M. Parlatore, Attorney at Law, our lawyers advise Suffolk County families on the full spectrum of estate planning needs — wealth preservation, family business management succession, and consideration of future estate tax liability. To learn how you and your family can benefit from thorough and highly personalized estate planning services, contact us in Setauket, New York.
Estate planning today is a rapidly changing area of the law. Anyone with an estate plan more than several years old should get it reviewed to make sure that recent legislative action hasn't upset any of your current arrangements. Whether your main concern is Medicaid planning, estate tax exposure, or avoiding probate through living trusts and asset transfers, we can see whether your current instruments are still well suited to your objectives.
Start planning for your family's future today
There's a lot more to estate planning than a last will and testament, and there's a lot more to consider than the simple transfer of your assets to your heirs. Most of our clients will give some serious consideration to one or more of these estate planning tools:
- Living trust to transfer assets out of your estate but keep them in your control
- Real estate trusts to simplify the administration of your estate in probate later on if you own property in other states
- Special needs trust or spendthrift trust to protect heirs who won't be able to handle substantial assets themselves
- Section 1031 exchanges of like-kind property to shelter the sale proceeds of investment assets from taxation
- Life insurance trust to meet anticipated estate tax obligations
- Family business trust or LLC to hold company assets and designate management in the event of death or incapacity
Each of these instruments addresses a different family need or objective. Our attorneys can explain your options, and then adapt your estate plan to your family's particular goals and unique circumstances.
For additional information about our experience with estate planning for Suffolk County businesses and families, contact the law firm of Anthony M. Parlatore and John Leonard in Setauket.