Davidov Law Group
Protecting Your Family and Preserving Your Legacy
FAQs
Estate Planning vs. Succession Planning: What Is the Difference?
As a law firm that serves business owners in Long Island and New York City, Davidov Law Group attorneys are highly experienced in matters involving both estate planning and succession planning. Business owners require a greater level of planning to ensure that their company is properly managed following their death, and this is where understanding […]
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Will My Beneficiaries’ Inheritance Be Taxed?
Avoiding tax complications is an incredibly important aspect of estate planning. Between state and federal taxes, the overall value of a person’s estate can be greatly impacted. Consequently, while creating an estate plan, many people wonder “will my beneficiaries’ inheritance be taxed?” As a foremost estate planning law firm in Long Island with a certified […]
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Can I Avoid Probate in New York?
As a leading estate planning law firm serving Long Island, New York, we receive a range of questions regarding the probate process at Davidov Law Group. Most commonly, these questions center around whether or not it is possible to avoid probate in New York and, if so, how to structure an estate plan to successfully […]
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Hiring an Effective Estate Planning Attorney in Long Island, NY
Hiring an effective Long Island estate planning lawyer is a difficult decision. One must consider the costs associated with legal representation and the financial risks that arise when working with ineffective counsel. Some of the most frequently asked questions that we receive from prospective clients include the following. How Much Does an Estate Planning Lawyer […]
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What Makes an Effective Estate Plan?
What makes an effective estate plan? All families are unique and employing a one-size-fits-all estate planning approach can have a devastating impact on a person’s finances and the legacy that they leave behind. Creating an effective estate plan that fully protects your assets and property is incredibly complicated. It can be beneficial to have an […]
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Services for High Net-Worth Individuals
Services for High Net-Worth Individuals Individuals and businesses with considerable wealth are often the targets of financial predators, who attempt to use the legal system to deprive others of their assets. In today’s highly litigious society, proactive planning can prepare you for unexpected legal claims and shield your assets from potential creditors. Ensuring the longevity […]
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Do Young People Need Estate Plans?
Do Young People Need Estate Plans? There are those who proceed from the standpoint that estate planning is not something that younger people need to be concerned about, but the matter does not revolve exclusively around age. It is true that the possibility of death increases as you get older, but people of all ages […]
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What is a GRAT?
What is a GRAT? When the value of your estate exceeds the estate tax exclusion amount your estate planning objective is to rearrange your assets to create space and bring the value of your estate under that exclusion. Giving gifts is one way of doing this, but of course the IRS is well aware of […]
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Are There Direct Ways to Transfer Assets to Loved Ones?
Are There Direct Ways to Transfer Assets to Loved Ones? Common sense goes a long way in every aspect of life, and it is vital to the process of estate planning as well. You just need to understand the asset transfer vehicles that are available to you and utilize them in an intelligent and well-timed […]
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What Is a Buy-Sell Agreement?
What Is a Buy-Sell Agreement? When you are involved in a business partnership and you are planning your estate, you have to consider the matter of succession. Your share in the business may well be one of your most significant assets. But when you pass on, how is your share carved out and passed along […]
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