Long Island Financial Planning Lawyers

Protecting Clients’ Wealth in New York

Estate planning isn’t limited to deciding what will happen after you die. Consulting with a lawyer can also help protect your wealth while you are still alive, giving you the best life and a bright future for your loved ones.

When crafting the perfect estate plan, our attorneys have a deep understanding of the many tools available to provide a comfortable life for you now and for your family in the future. We will discuss your many options, including trusts, investments, charitable donations, and how to minimize the tax burden on your assets.

Call (516) 253-1366 today to speak with our talented legal team and schedule a assessment.

What Do Financial Planning Lawyers Do?

A skilled financial lawyer will be familiar with New York laws and how they apply to each client’s unique situation. At Davidov Law Group, we understand that your family is different from any other family we work with, and we promise to listen carefully to your needs and goals so we create a financial plan that matches what you want to get out of life.

Financial planning attorneys use their knowledge and understanding to create legal documents that protect your wealth. One powerful tool is a trust. With a trust, you hold your assets in such a way that your wealth is guarded against creditors, predators, and unnecessary taxes. You may choose a trust that allows you to retain control over your assets, called a revocable trust. Or you might want even more protection that can be provided by an irrevocable trust.

Whatever your needs, your lawyer will find the right plan to help you achieve your financial dreams and protect the wealth you have worked a lifetime to obtain.

How Can Trusts Help with My Finances?

A trust is a valuable part of many estate plans because trusts offer such great flexibility regarding how assets are held and distributed. Some trusts even give the grantor, or creator, access to the trust while they are still alive.

Some commonly used trusts are:

• Irrevocable trusts – offer excellent protection from creditors but may be difficult to change or revoke.
• Revocable trusts – have greater flexibility but fewer protective benefits while the grantor is alive.
• Charitable trusts – allow the grantor to minimize their tax burden and give back to their favorite charities.
• Special needs trusts – provide a comfortable life for an individual with special needs without interfering with their Medicaid and Social Security eligibility.

How Do I Pick the Right Financial Planning Lawyers?

When selecting the right financial planning lawyer, you should look for someone who focuses on estate planning and finances regularly rather than picking a firm that offers a wide variety of services. Finding a lawyer focused on one field means they work with that practice area regularly and will know how to handle a variety of financial situations.

You also want financial planning attorneys who listen carefully to you and respect your wishes and goals. Your lawyer should pay attention to what you say and craft your plan according to your desires.

Should You Hire Our Financial Planning Attorneys?

At Davidov Law Group, our talented financial planning attorneys have over 25 years of combined experience working almost exclusively in estate planning and financial planning. We understand the challenges you face as you organize your assets in the right way to give yourself and your family the best protection possible. We also know how important it is to minimize your tax burden and create a plan that matches your unique needs and goals.

We believe that estate planning, investment planning, tax planning, retirement planning, and asset risk and management are five critical areas to creating a holistic financial plan. We will analyze your situation to identify ways to improve in each area, giving you the best chances for a comfortable and worry-free retirement. Our approach is unique and centered on providing you with clarity and focuses on your finances.

Contact our experienced legal team right away to begin creating the brightest future possible for yourself and your loved ones. Call (516) 253-1366 to set up an appointment today!