Estate planning allows you to manage your assets during your lifetime and clearly define what happens to them after your passing. With proper planning, you can protect loved ones, reduce taxes, avoid unnecessary court involvement, and ensure your wishes are honored if you become incapacitated. At Robert H. Solomon, PC, our Long Island estate planning attorney helps clients create tailored plans that safeguard what matters most, both now and in the future.
What Is Estate Planning and Why Does It Matter?
Estate planning is the process of organizing your assets and documenting how they should be managed and distributed during incapacity or after death. A well-crafted estate plan provides clarity, control, and legal protection for you and your beneficiaries. For Long Island residents, estate planning is especially important due to New York’s specific probate and tax rules.
Estate planning helps you:
- Decide who receives your assets
- Choose who will manage your affairs
- Protect dependents and loved ones
- Reduce taxes and administrative delays
- Minimize the risk of disputes
Our Estate Planning Services on Long Island
We work closely with clients to design estate plans that reflect their unique family dynamics, assets, and long-term goals. Every plan is customized and built to adapt as circumstances change. Our estate planning services include guidance with:
- Wills and trusts
- Beneficiary designations
- Executor and administrator selection
- Incapacity planning
- Probate avoidance strategies
- Estate tax planning
- Business succession planning
We take the time to understand your situation before recommending solutions.
Wills and How They Protect Your Final Wishes
A will is one of the most common and important estate planning documents. It outlines how your property and assets should be distributed after your death and allows you to name a trusted individual to carry out your wishes.
With a properly drafted will, you can:
- Direct how assets are distributed
- Name guardians for minor children
- Appoint an executor
- Reduce confusion and family conflict
Although creating a will can feel difficult, completing it early provides peace of mind and security for your loved ones.
Trusts and Asset Management Options
A trust is another powerful estate planning tool that allows you to manage and transfer assets with greater flexibility. Unlike a will, a trust can take effect during your lifetime and continue after your passing.
Trusts may help you:
- Avoid probate
- Maintain privacy
- Control how and when assets are distributed
- Protect beneficiaries
- Manage assets during incapacity
There are many types of trusts, and the right option depends on your goals, assets, and family situation.
How We Help You Build a Personalized Estate Plan
During the estate planning process, our firm helps clients make informed decisions that align with their values and long-term objectives.
We assist with:
- Identifying and organizing assets
- Designating beneficiaries
- Selecting executors or trustees
- Planning for dependents and special needs
- Reducing estate tax exposure
- Creating succession plans for businesses
Every estate plan is built around your priorities, not a one-size-fits-all template.
When Should You Start Estate Planning?
Estate planning is not just for later in life. Adults at every stage can benefit from having a plan in place, especially if they own property, have children, or wish to control how their assets are handled.
Starting early allows you to:
- Maintain control over future decisions
- Prepare for unexpected incapacity
- Update plans gradually as life changes
- Avoid rushed decisions during crises
Estate plans should also be reviewed regularly to stay current.
Contact Our Long Island Estate Planning Attorney
You cannot predict the future, but you can take steps today to protect it. Robert H. Solomon, PC proudly assists Long Island residents with thoughtful, legally sound estate planning. Contact our office to schedule a complimentary consultation and begin creating a plan that reflects your wishes and protects your legacy.
