Morgan Legal Group in Long Island – Best Estate Planning Lawyer
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A home contractor tried to take advantage family and I didn’t know what to do. A friend recommended Morgan Legal and the rest is history, and I prefer this problem being history.
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Estate Planning Lawyer in Long Island
Death is not something that people like to talk about, but it is something that everyone must face at some point in their life. It is important for you to have an estate plan in place to protect your assets and ensure they are distributed the way you want them to be when you pass away. Working with an estate planning attorney in Long Island can ensure that your loved ones are well taken care of when you do pass away.
PLANNING TODAY FOR A SAFE TOMORROW
Often, people think that only the wealthy or those whom have a lot of assets can have an estate plan. The truth is, anyone can have one. Whether you are wealthy or not, you should have a plan in place to ensure that your money, businesses, and assets go to the proper friends, family, and organizations.
Our law firm has the highest wins ratio percentage among all other New York legal practices.
While estate planning in Long Island is for everyone, those who have complex assets or large estates should always have a plan in place. When you have a large business that you built up or you have millions in a savings account, you want to make sure these assets are divided up correctly. If you are a business owner, you want to make sure your estate plan details who will control your business once you are gone.
Planning for your death is not fun and we all know that, but it is something that must be done, especially if you want to make sure your loved ones are comfortable when you do pass. Fortunately, an estate planning lawyer in Long Island can assist you through the process.
Estate plan is transparent
Our estate planning attorney in Long Island warns that one of the biggest mistakes you can make is to NOT have a plan in place. Without a clear plan, you will find that many issues may arise from loved ones arguing over what they believe to be theirs down to the entire estate being placed in probate.
If your estate is placed in probate, it can be a long time before the court hears the case and settles the matter. This is not an ideal process either as your assets and business can be sold off, destroyed, or placed in the wrong hands.
Estate planning attorney in Long Island
Many times, clients believe they do not need an estate planning attorney in Long Island because they are young, or they do not have a lot of assets. The truth is, you do need to have an estate plan, no matter your age. Unexpected deaths and tragedies can happen at any time and you need the reassurance that your loved one is taken care of, even when you may be gone. At Morgan Legal Group, you are in the right hands. We will work closely with you to discuss your estate and make a sound plan.
As your local top-rated estate planning attorney in Long Island, we will prevent your money, businesses, and assets from being fought over or tossed into probate court. We will make sure your future is protected.
Do not be fooled – even if you are innocent, that does not mean the courts are on your side. Jurors often side with the plaintiff who appears to need the funds in question rather than the defendant who they assume has money to spare.
Even a judge’s own personal feelings can put you in jeopardy.
Many of our clients believe that once a lawsuit has been filed against them, it is too late to shield assets from plaintiffs. They are happy to learn that usually there is still a lot they can do to protect their assets.
Many businesses and professions carry extraordinary financial risks that insurance alone can’t protect against. Medicine is a good example. Malpractice premiums are often barely affordable. Insurance does not cover many claims. Similarly impacted are real estate developers and builders and small business owners.
Over the past decade, our attorneys have represented hundreds of physicians, real estate developers, corporate directors and officers and small business owners. We know and understand the risks your business faces, and how to best shield your assets from these risks.
Even if an auto accident is minor, claims against you can be substantial. You can be sued for emotional damages, physical pain or a spurious claim like whiplash. There are approximately 150,000 practicing attorneys in California. Many of them look to your assets to make a living.
In a down real estate market a lot of borrowers find themselves unable to pay back loans or perform on personal guarantees. In difficult economic times banks and lenders pursue borrowers’ assets aggressively and diligently. This means that it is not enough to set up the most basic asset protection structures like revocable trusts or fake equity strips. To defeat the claim of a lender, especially a bank, the asset protection structures used need to be sophisticated and difficult to penetrate. We find that with the right asset protection structure in place, lenders will either give up the chase for your assets or be a lot more willing to negotiate.
Divorces can be rending, emotionally and financially. Community property laws and the often unpredictable vagaries of judges can make the process even more painful and costly. At Klueger & Stein, we can help plan ahead to reduce both the pain and the costs of a divorce.
AS SEEN ON
Addition protection assets
One of the nice things about an estate plan is that you can also document your end of life services. This way, you can appoint someone to oversee making decisions or running your business when you are not physically able to.
Morgan Legal Group understands how hard you have worked to build up your savings account or make a business for your family. We want to protect your future and will see to it that it happens.