Estate Planning Blog - Bernard Law P.C.

Should I Name One Child Or All Of My Children As Executors?

Choosing an executor is a key part of preparing your will. For parents with several adult children, this choice can be emotional. Many parents in Suffolk County want to name all their children as executors to avoid anyone feeling left out or thinking a sibling is favored. While this feeling is natural, it is more […]

Posted on: August 28, 2026

Elderly woman and man sit at a wooden table reviewing financial documents, including an envelope labeled 'Important Financial Documents'.

How Can An Estate Plan Protect An Aging Parent From Financial Exploitation?

Financial exploitation of an aging parent often does not start with a stranger or a clear scam. In many families, the bigger risk comes from someone who already knows the parent, understands their finances, or slowly gains influence as the parent needs more help. This could be an adult child, caregiver, friend, romantic partner, or […]

Posted on: August 27, 2026

My Parent Named The Wrong Person As Power Of Attorney. Can It Be Changed?

If you find out that your parent named the wrong person as their agent under a Power of Attorney, it can be worrying, especially if that person is unreliable, no longer trusted, or not close to the family. The good news is that a Power of Attorney is not set in stone just because it […]

Posted on: August 26, 2026

Can an Executor And Beneficiary Be The Same Person in New York?

Yes, an executor can also be a beneficiary under a New York will, and this is actually quite common. For example, a parent might leave most or all of an estate to an adult child and also choose that child to be the executor. A surviving spouse may also be both the main beneficiary and […]

Posted on: August 25, 2026

Estate Planning For Business Owners: Protecting Your Company And Your Family

Estate planning for business owners goes beyond deciding who gets your personal assets after you pass away. Your business likely represents years of hard work, much of your family’s wealth, and income for employees and loved ones. If your estate plan does not cover what happens to the business if you become unable to run […]

Posted on: August 24, 2026

Should Your Children Receive Their Inheritance All At Once?

When making an estate plan, it’s important to think not just about who will inherit your assets, but also how your children will receive them. Some parents believe that once their children are adults, they should get their inheritance right away. This can work for some families. For others, giving a large inheritance all at […]

Posted on: August 23, 2026

Can A Trust Help Protect An Inheritance From Creditors?

When families make an estate plan, they usually focus on who will inherit their property and how much each person will get. But it is just as important to think about what happens to that inheritance once the beneficiary receives it. A child could face a lawsuit, business debt, or other financial problems in the […]

Posted on: August 22, 2026

How Estate Planning Can Protect Family Vacation Homes For Future Generations

A family vacation home often means much more than its market value. It might be where children spent their summers, where grandchildren gathered for holidays, and where family memories were made. However, keeping that home in the family can be challenging if the estate plan simply divides it among several children. Issues like expenses, repairs, […]

Posted on: August 21, 2026

Estate Planning For Second Marriages And Blended Families In New York

Second marriages often bring estate planning challenges that first marriages may not face. If either spouse has children from a previous relationship, it can be hard to balance providing for a surviving spouse with leaving an inheritance for children. How assets like property, retirement accounts, life insurance, and homes are owned and included in the […]

Posted on: August 20, 2026

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