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The Law Offices of Saul Kobrick, P.C.

1305 Franklin Avenue, Suite 170
Garden City, New York 11530

Phone(800) 295-1917
Fax (516) 248-7606

Law Firm Overview

Our firm is dedicated to providing you with quality estate planning resources, so you can become familiar with all of the existing options. When you visit or call our office, we want you to feel comfortable discussing such an important issue concerning both you and your family.



The Law Offices of Saul Kobrick, P.C. - Providing services in the following areas of law:

Articles Published by The Law Offices of Saul Kobrick, P.C.

 A Last Will Can Lead to Asset Erosion

It would be logical to assume that you can leave behind financial resources to your loved ones without losing money in the process. However if you do not plan your estate carefully your legacy may well be eroded as it is being passed on to your heirs. One source of asset erosion is probate.

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 When You Pass Away Can Make a Lot of Difference

There are a number of things about the Federal estate tax that do not seem fair to many observers. One of them is the fact that it is a tax that is imposed on resources that are still in your possession after you paid taxes. They are not subject to more taxes by virtue of their very existence while you are alive. But the event of your death is somehow viewed as a taxable one by the powers that be.

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 Pragmatic Decisions Are Necessary

Every family dynamic is unique and the level of communication that exists among family members is going to vary on a case-by-case basis. Some families have very frank and open lines of communication and this can be helpful when you are considering the implications of the aging of a family member.

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 Payable on Death Accounts: Simple, but Limited

You may hear about payable on death accounts and walk away thinking that these accounts are an ideal estate planning solution. After all, simply adding a beneficiary who would assume ownership of resources left in the account after you die is a pretty efficient solution.

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 GRATs with Appreciating Assets

There are two primary advantages to utilizing gift giving as a part of your inheritance planning strategy. For one thing you get to enjoy the simple pleasure of doing something nice for a loved one while you are still alive. This is good for you emotionally, but it is good for your heir as well because he or she doesn't have to juggle the grief/happiness conundrum that goes along with receiving an inheritance.

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 Financial Abuse of the Elderly

It is useful to recognize the fact that estate planning is just one aspect of elder law, and as elder law attorneys it is our job to stay apprised of all of the issues of the day that affect our seniors. One matter that has been getting a lot of attention recently is that of elder financial abuse, and it is something to keep in mind when you are engaged in planning for your twilight years.

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 Estate Tax Changes Passed for 2011

As we watch the countdown on New Year's Eve it is a heady time indeed. Another year beckons, full of change and pregnant with possibility. Before you know it, that fateful time arrives and champagne corks take flight, people break into heartfelt song, and anything seems possible. But when you wake up the next morning and make it to work a day or two later, you tend to find the world looking pretty much the same as it did before all of that change that went down on New Year's Eve.

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 Why Do You Need an Advance Healthcare Directive?

No one likes to think about what would happen to them if they were injured or became ill and could no longer make medical decisions for themselves. But it happens to people of all ages, every day. If you don’t tell your doctors and your family what your wishes would be in a situation like this, then they’re left to try to figure things out for themselves.

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 Questions to Ask Your Estate Planning Attorney

Choosing an estate planning attorney isn’t as simple as picking one out of the phone book. There are a number of questions you should be asking first to ensure that the attorney you choose can help you create the right estate plan for you.

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 Fiduciaries 101

Whether you realize it or not, you’re surrounded by fiduciaries. Your banker, your real estate agent, accountants, brokers… the list just goes on and on. So, what do fiduciaries have to do with estate planning?

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 How to Decide Between a Simple Will and a Living Trust

Distinct differences between a simple Will and a Living Trust will dictate which option is best for your estate planning situation.

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 The Pros and Cons of Probate

Probate can have a significant effect on how your estate is handled after your death. It can mean the difference between a smooth transition and a draining legal process for your loved ones. What is probate? Probate is essentially when the government steps in to make sure your assets are allocated properly after you die.

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 What Happens if You Die Without a Will?

When an individual dies without having a will in place, they have died intestate from a legal perspective. So what happens when a person dies intestate, or without recording any of their final wishes? The answer is that the property will be distributed by default according to the laws of the state where they lived. The probate court will appoint someone to administer the estate, and this is sometimes an individual who is nominated by a majority of those who have interest in the estate.

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 Probate and Asset Retention

One of the primary reasons why it is advisable to retain the services of an experienced estate planning attorney rather than trying to piece a plan together on your own is the matter of asset retention. The objective is to pass along the contents of your estate to your heirs quickly and efficiently without incurring a lot of expense while doing so.

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 Choosing Your Trustee Naming the Bank

Choosing your trustee is an important choice. The ideal trustee is trustworthy, good with money, and cares about you. If you don’t have a family member helper who fits this description, you may want to name a corporate fiduciary (a bank or trust company) to serve as a co-trustee with a family member or as the sole trustee.

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 Probate Provides Protective Transparency

There are valid reasons to consider probate avoidance strategies, and the top two would involve time and money. Depending on the specific jurisdiction, how complex the estate is and how well the interested parties are getting along the process can take anywhere from several months to multiple years in some complicated cases. And of course the heirs to the estate will not receive their inheritances until probate has run its course and the estate has been closed.

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 Probate Expenses Can Add Up

You may think that arranging for the transfer of assets to your loved ones after you pass away is something that should be easily done without incurring a lot of expenses. Unfortunately, there can be costs involved, and probate expenses would be among them.

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 One Tax Bill Beats Two

If you were to ask the typical person walking down the street he or she would probably tell you that a certain amount of taxation is necessary. Most Americans don't mind paying their fair share of taxes. The problem arises when you feel as though you're being taxed unfairly or taxed twice on the same resources. When you look at the federal estate tax closely you see that it is in fact an instance of double taxation and this rubs a lot of people the wrong way.

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 Home Equity Conversion Mortgages: A Brief Overview

A home equity conversion mortgage is a reverse mortgage that is supported by the federal government. As the name implies with a reverse mortgage a homeowner receive payments from a lender rather than making them. In return, the lender in essence purchases equity in the borrower's home.

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 Directing Resources to Charities

Estate planning can involve a good bit of soul-searching, and when you are making plans for the future you may feel the urge to engage in acts of generosity. Some people who have considerable means will create private family foundations and this is an option that is available to you.

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 Same-Sex Partners Must Plan Proactively

In the past gay marriages were not legal anywhere so people who were involved in long-term same-sex relationships had absolutely no protections under the law in terms of succession. As a result, executing the appropriate Estate Planning documents was absolutely essential. The phenomenon of legally recognized marriages between individuals of the same sex is a relatively recent one.

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 Difficult Issues Elders Face

As you reach the latter stages of your working years it is likely that you are simultaneously tying up any loose ends that remain as you prepare to ease into retirement.

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 Tax Measure Details Relevant to Estate Planning

As we allow the impact of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to set in some of the finer details are starting to come into focus.

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 Mitigate the Damage with Generation Skipping Trusts

Due to the new tax relief measure that was passed in mid-December we are working with an estate tax rate of 35% in 2011 and 2012.

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 Davis Family Will Retain Ownership of Raiders

There are few if any National Football League franchise owners who had the type of long-term success that Al Davis was able to achieve.

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 3.6% COLA for Social Security Recipients

People on Social Security will be receiving a cost-of-living adjustment for the first time since 2009 when 2012 rolls around.

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 Estate Planning Ignored By Many

People live busy lives and we are constantly being inundated with new challenges on a day-to-day basis.

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 What are the Different Types of Guardianship?

A Guardian / Conservator is appointed by the Court when someone is unable to make their own decisions and/or ensure their own care.

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 Planning for Your Personal Effects

When we think of “assets” to consider during estate planning, we often think of cars and homes and our best diamonds.

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 Is it Time for Assisted Living?

An overview of the role of assisted living facilities in maintaining the lifestyles of senior citizens,and when to consider a move to an assisted living facility.

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 Estate Planning & Medical Gift Giving

On the surface it could seem to the casual observer as though passing along your assets to your family members after you die is a procedurally simple matter.

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 Retirement Planning: Is Social Security Safe?

The sooner you get started planning for your retirement years the better, because the longer you have to reach your goals the more likely it is that you will achieve them.

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 Advance Health Care Directives: A Basic Adult Responsibility

There are those who say that they don't need to worry about estate planning because they are nowhere near the age when people typically pass away. This is a gambler's mentality because of course you are more likely to pass away at 80 than you are at 30, but there are no guarantees.

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 Estate Tax Relief Is Not Permanent

People who are interested in estate planning are well aware of the fact that there were some significant changes to the estate tax parameters included in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

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 Measured Giving with Charitable Remainder Unitrusts

When you are taking stock of your legacy making sure that your loved ones are well provided for is very likely to be your number one priority.

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 Comprehensive Estate Plans Should Include Advance Directives

Everyone is aware of the fact that they should have some vehicle of asset transfer in place such as a last will or a revocable living trust.

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 Estate Planning Strategy For Small Business Partners

One of the things that you must understand about estate planning is the fact that there is no universal, one-size-fits-all approach

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