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Estate Planning for First-Time Homeowners on Long Island
Episode Summary:
In this episode of Estate Planning with Bernard Law, host Lisa Mosbey and attorney Daniel R. Bernard delve into the intricacies of estate planning for first-time home buyers on Long Island. Daniel Bernard, founder of Bernard Law, P.C., explains how purchasing a home introduces new estate planning needs, as it often becomes a significant probate asset. The discussion covers the importance of planning for asset transfer, the implications of joint ownership, and the potential pitfalls of adding children to property deeds. Daniel also highlights the role of trusts in avoiding…
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