Estate Planning Blog - Bernard Law P.C.

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What Happens If You Don’t Have An Estate Plan In New York?

When someone dies without an estate plan in New York, state law decides who inherits property, who manages the estate, and how decisions are made. Many families mistakenly believe assets will automatically pass to a spouse or children, but this is not always the case. Without an estate plan, families may face delays, disputes, and […]

Posted on: March 25, 2026

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Exit Planning For Suffolk County Business Owners Nearing Retirement

As Suffolk County business owners near retirement, transitioning ownership becomes a key financial and legal concern. We advise clients seeking to protect the value of businesses they have built over decades while exiting on their own terms. Exit planning goes beyond selling; it requires integrating estate, tax, and succession planning to reduce risk and preserve […]

Posted on: March 24, 2026

Estate Planning For Snowbirds With Homes In Suffolk County And Palm Beach

Many New York residents who spend part of the year in Florida enjoy the benefits of both locations, but this lifestyle creates legal and tax considerations that require careful estate planning. As estate planning attorneys serving clients in Suffolk County, we regularly work with individuals and families who own property in both New York and […]

Posted on: March 23, 2026

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How to Transfer a Family Business to the Next Generation in New York

Family businesses often reflect years of dedication and investment. For New York business owners, transferring the company to the next generation is a significant decision. Without careful planning, this transition can result in tax issues, family disputes, or even the loss of the business. Many business owners in Hauppauge and Suffolk County believe leaving the […]

Posted on: March 22, 2026

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Does Moving To Florida Eliminate New York Estate Tax?

Many New York residents consider moving to Florida for its favorable tax climate, particularly the lack of a state estate tax. However, simply buying a home or spending part of the year in Florida does not automatically eliminate New York estate tax exposure. New York’s rules on domicile, residency, and estate tax liability may still […]

Posted on: March 21, 2026

Can Florida Homestead Protection Help New York Snowbirds?

Many New York residents who spend part of the year in Florida ask whether Florida’s homestead protection can benefit their estate plans. This is particularly relevant for Long Island families with a primary residence in New York and property in Florida. We regularly advise snowbirds seeking to balance asset protection, estate tax exposure, and probate […]

Posted on: March 20, 2026

Own Property in Florida? What Long Island Residents Should Fix in Their Estate Plan Now

Many Long Island residents own second homes in Florida, often spending part of the year there. However, owning property in another state adds legal complexity to your estate plan. We frequently meet clients in Hauppauge and Suffolk County who assume their New York will or trust automatically governs their Florida property. This misconception can result […]

Posted on: March 19, 2026

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Can Gifting Reduce My New York Estate Tax?

For many families in New York, estate taxes are a serious concern when planning how wealth will pass to the next generation. If your assets exceed the New York estate tax exemption, a significant portion of your estate may be subject to tax after death. Many clients ask whether giving money or property away during […]

Posted on: March 18, 2026

Irrevocable Trusts And The New York Estate Tax: What You Should Know

Estate planning in New York means thinking carefully about taxes, protecting your assets, and making sure your wealth goes to your loved ones. An irrevocable trust is one of the key tools for this. Many families are surprised by how New York’s estate tax works and how easily an estate can be taxed without the […]

Posted on: March 17, 2026

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