Estate Planning – You are not Too Young

Someone once told me, the more you have, the more you have to lose. I recently asked my nephew if he had any friends who needed a will. He said he only knew young people that probably wouldn’t consider writing a will right now...

Estate Planning – You are not Too Young

Someone once told me, the more you have, the more you have to lose. I recently asked my nephew if he had any friends who needed a will. He said he only knew young people that probably wouldn’t consider writing a will right now. My nephew is a 30-year-old, newlywed doctor. His answer made me realize that many millennials may not realize how they could benefit from estate planning.   

My nephew is a perfect example of the younger generation that doesn’t realize all they have that needs protecting.  By the time you are in your fifties, you are more likely to own real estate, have a larger retirement account and other investments. However, individuals in their twenties and thirties have plenty that is worth protecting in the event the worst happens.  They likely have some financial assets, and have started retirement planning.  Most importantly, many have children, or will soon be starting a family.   

A properly designed estate plan with a Last Will and Testament, a Power of Attorney, an Advance Directive (Living Will), and a Health Care Proxy is critical at any age.  Your assets will be protected and you can select a guardian to care for your children in the event of your untimely passingAs the global pandemic has unfortunately taught all of us, the future is not guaranteed.  Now is the best time to take action to protect both your financial assets and the people you love.   

    Wolfson and Klein-Wolfson, PLLC. is a Syosset (Long Island) based law firm with experienced employment law attorneys that can help you understand your rights when dealing with discrimination, and advise you of legal options for filing a complaint or lawsuit.  Kindly contact us for a free consultation to discuss your specific circumstances.   

    Exit Interviews

    Exit Interviews A Great Opportunity for Employers  Once an employee gives you notice that they are leaving your company, this should not be the end of your communication with them.  There are many benefits of spending time with a departing employee and having an exit...

    Covid Vaccine Time Off

    Covid Vaccine Time Off New York Paid Time Off for Covid VaccinesNew York employers must now provide employees with up to four (4) hours of paid time off for each COVID-19 vaccination. Here are some key facts about this new law: All New York employees are entitled to...

    Selling Your Home

    Selling Your Home “Sell Your Home Today! The Right Attorney Can Help”    Are you a New York homeowner who is thinking about selling your home? The thought is crossing the minds of more and more homeowners as the post-pandemic housing market boom continues. Interest...

    Unemployment Fraud

    Unemployment fraud in New York and throughout the nation has reached dramatically high levels during the Covid-19 pandemic. Over the last year, the Federal Department of Labor estimates that over $63 billion dollars has been improperly paid out due to fraud.