Long Island Estate Planning Attorney Seth Schlessel Explains the Importance of Trusts and Wills in Estate Planning

Dec 5, 2022

December 05, 2022 - /PressAdvantage/ - Long Island estate planning attorney Seth Schlessel (https://www.schlessellaw.com/) releases a new article explaining the importance of trusts and wills in estate planning. The lawyer mentions that it can be difficult for a person to choose the best strategy for estate planning. Even the slightest error in the estate plan can have a significant impact on the family’s future.

According to the Long Island estate planning attorney, “Trusts and Wills are two important documents to include in planning for estates. They both serve distinct purposes. On Long Island, clients usually use Wills or only use Trusts to settle their estates, depending on their needs. However, a well-designed estate plan should be able to cover both unexpected and expected events. In some cases, it may be necessary to mix both.”

The lawyer adds that a will is a legal document that is part of an estate plan. A choice oversees the property distribution to the beneficiaries after a person’s death. An executor will be chosen by the testator. A trust is another type of estate planning tool that holds assets and manages them for the trustor.

Attorney Seth Schlessel says that the managed properties refer to the properties transferred into the trust. All trust assets can be transferred to beneficiaries depending on whether the trustor has made any instructions during their lifetime or after their death.

In the article, attorney Schlessel adds, “Planning tools that are well-designed can protect assets and ensure business succession. They can also help to avoid death or estate taxes, which can take your family’s inheritance. These tools can help provide for family members with special needs or to qualify for government benefits. The most important aspect of planning estates is that it allows you to have your wishes granted when it comes to passing assets on to loved ones.”

Lastly, attorney Schlessel emphasizes that having an estate planning attorney in Nassau County or Suffolk county is important when dealing with estate planning matters. A skilled lawyer may be able to help the client save money while also planning their future in an efficient manner.

About Schlessel Law PLLC

Seth Schlessel is the founder of Schlessel Law PLLC. As a skilled estate planning attorney, Mr. Schlessel understands the importance of a comprehensive estate plan for a family’s future. He and his team have helped many families preserve their assets and ensure that a person’s wishes are carried out the way they want. Aside from estate planning, the firm also helps with elder law, personal injury law, and startup/corporate law. Contact us today to learn more about our services.

Schlessel Law PLLC

34 Willis Ave Suite 300, Mineola, NY 11501, United States

(516) 574-9630

###

For more information about Schlessel Law PLLC, contact the company here:

Schlessel Law PLLC
Seth Schlessel
+15165749630
[email protected]
Schlessel Law PLLC
34 Willis Ave Suite 300, Mineola, NY 11501, United States

ReleaseID: 60056495

More News

Rush to patch software flaw that could impact 70% of websites worldwide
Oct 22, 2026
Rush to patch software flaw that could impact 70% of websites worldwide

LONDON — Governments and corporations worked throughout the night on urgent security updates after the AI-assisted discovery of vulnerabilities in a programming language vital to 70% of websites globally. Many government sites appeared to be functioning normally Thursday, but outages or limited service continued while security work was under way. The FBI’s cyber division warned on Wednesday that the vulnerabilities could allow malicious actors to remotely execute code in the programming language, PHP, which powers websites and web applications. That raised the risk of sensitive data and networks being compromised, said the agency, which recommended that operators take websites offline if they can’t update them immediately. Cybersecurity experts who spoke to the Associated Press said the impact of the vulnerabilities discovered would have ripple effects for some time but said governments were following cyber best practice by taking down websites while they were patched. Limited disruptions on government websites In Britain, some “limited” government services may temporarily be of

What to know about the AI-detected security bug impacting wide swaths of the internet
Oct 22, 2026
What to know about the AI-detected security bug impacting wide swaths of the internet

The language that's known as the backbone of the internet is now subject to what experts describe as one of the most notable vulnerabilities in recent memory. PHP is a widely used general-purpose scripting language that is geared towards web development, and thus, it powers the vast majority of websites across the world. When the organization behind the language and the FBI’s cyber division warned on Wednesday of significant vulnerabilities in the language , government agencies, corporations and other organizations were sent into a flurry. The episode also highlights how artificial intelligence is changing the game when it comes to web security. Here's what to make of the discovery of the vulnerabilities and the fallout. The vulnerabilities opened sites to a host of potential security concerns The official website for PHP and several other organizations and agencies released security advisories Wednesday urging PHP users to patch two critical vulnerabilities or shut down their sites if they couldn’t update them immediately. The PHP Foundation, which works to provide transparency and ac

Wall Street sinks as Nasdaq falls over 2% on AI cost worries
Oct 22, 2026
Wall Street sinks as Nasdaq falls over 2% on AI cost worries

The tech-heavy Nasdaq slid more than 2 percent on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta did little to address AI-related concerns, with a recovery in oil prices further adding to market unease. Meta slipped 5.2 percent after the social media giant unveiled a new class of non-voting shares to help fund its costly AI expansion. The decline came despite stronger-than-expected quarterly revenue and an upbeat fourth-quarter sales forecast. The market weakness marked a sharp reversal from Wednesday, when robust results from SpaceX and Super Micro sparked an AI-fueled rally. The optimism faded as investors shifted their focus from earnings strength to the enormous capital required to build AI infrastructure and their uncertain return timeline. The selloff put the Philadelphia SE Semiconductor Index on track to shed more than $616 billion in market value, while the Nasdaq-100 was set to erase nearly $1 trillion. The semiconductor index fell 5.6 percent to its lowest since July 29. "Semiconductors and the Nasdaq have been elevated to a huge degree by inve

Govts, companies take websites offline over PHP vulnerabilities
Oct 22, 2026
Govts, companies take websites offline over PHP vulnerabilities

Several government, school and hospital websites across Europe and beyond were taken offline on Wednesday as organizations rushed to protect themselves from two critical security flaws in PHP, a programming language that powers a large share of the internet. Cybersecurity agencies across the world warned that organizations unable to apply fixes in time should consider taking affected sites offline. PHP's developers said a set of new updates fixing two previously identified critical vulnerabilities was available. Here are some major websites and services taken offline or otherwise affected: Germany A spokesperson for the German digital ministry said on Wednesday the federal IT service provider ITZBund had taken several websites offline due to the discovery of PHP vulnerabilities. The temporary deactivation was purely preventive and no security incidents were known to have occurred, the spokesperson said. France The Interior Ministry said it had temporarily taken offline the websites of prefectures, which are local government administrative offices, while awaiting a security fix for the PHP

Worldwide drops for AI stocks send Wall Street toward its worst day since July
Oct 22, 2026
Worldwide drops for AI stocks send Wall Street toward its worst day since July

NEW YORK — Drops for stocks in the artificial-intelligence industry are dragging markets down worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran. The S&P 500 fell 1.4 percent toward its worst day since July, while the Nasdaq composite tumbled 2.8 percent. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the market, where the majority of U.S. stocks actually rose. The Dow Jones Industrial Average was down only a modest 0.2 percent, or 113 points, as of 2:30 p.m. Eastern time. AI-related stocks have become shaky on worries that their boom may be under threat because of how expensive it’s become to borrow money to build data centers and buy more AI chips. Concerns also remain that their prices shot too high following a yearslong frenzy, even though companies in the industry continue to report growth. Lam Research, whose equipment and services help make semiconductors, reported gains in profit and revenue for the summer that were slightly stronger than analysts expected, for example. Usual

Iran says 7 oil tankers attacked in Strait of Hormuz amid fears of return to war
Oct 22, 2026
Iran says 7 oil tankers attacked in Strait of Hormuz amid fears of return to war

TEL AVIV, Israel — Seven oil tankers caught fire or were damaged in the Strait of Hormuz overnight after being hit by Iran or striking naval mines, Tehran said Thursday, a markedly high number as tensions rise over concerns about a return to all-out war. With days before a close election in Israel in which Prime Minister Benjamin Netanyahu could lose power, and before next month’s U.S. midterm election in which war-linked high prices have sparked voter anger, there are concerns that U.S.-Israeli attacks on Iran could resume. “Netanyahu wants to attack Iran, that’s not even a question,” Danny Citrinowicz, a researcher at Israel’s Institute for National Security Studies and a former Iran specialist in Israel’s military and intelligence services, told The Associated Press. He accused Israel of rushing into another round with Iran without revamping its strategy. A clear Netanyahu victory in the Oct. 27 election means an attack is almost guaranteed, he said. Main opposition candidates are likely to focus on domestic issues first, but Citrinowicz said he believed the region is on

Almost all coral reef ecosystems face risk of collapse in 50 years, study warns
Oct 22, 2026
Almost all coral reef ecosystems face risk of collapse in 50 years, study warns

The world’s coral reef ecosystems almost all face a high risk of collapse in the next 50 years, mostly due to warming oceans and heat waves, according to a global assessment released Thursday. It's the latest dose of bad news for coral reefs, which are critical sources for seafood and tourism and often serve as buffers from coastal erosion and storms. Sometimes dubbed “rainforests of the sea,” they have some of the world’s richest biodiversity. They support a quarter of marine species as well as coastal communities and businesses. Some 96 percent of shallow-water reef systems are already critically endangered and could disappear by 2075, the International Union for Conservation of Nature announced on the sidelines of a U.N. biodiversity conference in Albania. Most of the world’s famous reef systems — including the Great Barrier Reef in Australia, the Coral Triangle in the Western Pacific Ocean and Southeast Asia, the Mesoamerican Barrier Reef System and the Red Sea coral reefs — are all critically endangered, the highest level of threat. “The risk of coral reef collapse i

The 2026 election could reshape healthcare
Oct 22, 2026
The 2026 election could reshape healthcare

New Yorkers march in support of universal healthcare this summer. | LightRocket via Getty Images Americans are furious about the state of our healthcare system.  A recent KFF poll found 60 percent of US adults worry about the cost of medical care — more than gasoline, food and groceries, or their rent or mortgage. One in three Americans say they worry every day or almost every day about their ability to afford healthcare, per a new survey from the Pew Research Center. There seems to be a growing appetite for reform, too: More than 65 percent of Americans say they support the government spending more tax dollars to lower healthcare costs.  Democrats are trying to weaponize those frustrations against the Republicans who currently hold Congress and the White House. By a 2-to-1 margin, voters say they trust Democrats over Republicans on healthcare. That could mean single-payer Medicare-for-all or a new public insurance option or maybe something else. What all this energy leads to will depend on what happens in November. The candidates themselves are framing the stakes in those existential terms.  Sign up for the Good Medicine newsletter Our political wellness landscape has shifted: new leaders, shady science, contradictory advice, broken trust, and overwhelming systems. How is anyone supposed to make sense of it all? Vox’s senior correspondent Dylan Scott has been on the health beat for a long time, and every week, he’ll wade into sticky debates, answer fair questions, and contextualize what’s happening in American health care policy. Sign up here. “Medicare for all is where we need to go,” Abdul El-Sayed, the Democratic candidate in the Michigan Senate race whose support for the policy has been widely covered, said during an August interview with CNN. “And my hope is, both coming out of the 2026 midterms and then out of 2028, that we’re going to be on our way to a Senate majority to be able to get this done.” Real change will have to wait for the 2028 presidential election and a new occupant in the White House. But this year’s midterms are still a make-or-break moment: The candidates who get elected this year, and how they shape the upcoming presidential primary debate and actions in Congress, will determine whether healthcare reform happens at all.  If you’re fed up with the state of American healthcare, and you want to see a change, you should show up for the midterms on Tuesday, November 3. Big midterm wins can beget big healthcare wins  The classic pattern in American elections is that more voters go to the polls during presidential campaigns than during the midterm elections when only House and Senate seats are on the ballot. Turnout has started to tick up for the midterms in recent years, but it still trails behind presidential years. Midterms suffer from the perception that there’s not as much at stake if the White House is not on the line. But that’s never been strictly true.  Midterm elections are extraordinarily important in shaping the future of policymaking, even if the payoff is delayed. They help determine both the character of the Congress that could eventually pass a major bill after the next presidential election, and the kind of ideas and policies that are going to be prioritized. “Voters should see 2026 and 2028 as the elections that will guide the next big change in our healthcare system,” said Natalie Davis, CEO and co-founder of the advocacy group United States of Care, in a statement to Vox. “These elections will be how voters’ demands are heard — and will tell us whether the next real window for change will come with serious reforms or missed opportunity.” A walk through the recent history of healthcare reform should help make the stakes of the 2026 elections clear. In 2006, the national mood looked similar to what we’re seeing today. A very unpopular Republican president was in office, and the country had soured on his agenda. George W. Bush’s foreign wars and his misguided attempt to overhaul Social Security gave Democrats an opportunity to win big in the 2006 midterms — and they did. Dems won more than 30 seats and secured a comfortable majority in the House. In the Senate, they won six seats and narrowly took control of that chamber too. It was a resounding rejection of the Bush administration, and it set up the next decade of Democratic policymaking. At the highest level, the midterms gave energy to the progressive wing of the Democratic Party, united as they were around their opposition to the Iraq War, and that energy carried over to the presidential primary. Barack Obama defeated Hillary Clinton and won the presidency, springboarding off of the excitement that started with the 2006 elections. Dems’ success in the midterms also helped put lowering healthcare costs at the forefront of the Democratic agenda. That encouraged both Obama and Clinton to develop detailed healthcare policy proposals during their primary campaigns and ultimately set the stage for the Democrats to pursue the Affordable Care Act once they had full control of the government in 2009. And then there is the literal size of the congressional majorities that parties need to pass their agenda. Voters may not spend much time thinking about whip counts, but one or two elections in a midterm year can ultimately decide the fate of the next president’s agenda.  Part of the reason Democrats were able to pass the ACA was that they built on their huge wins in 2006 with more wins in 2008 and held massive congressional majorities once Obama was sworn in. And once the debate over healthcare reform really got started, they needed every single vote. It was especially important in the Senate: Democrats had exactly 60 votes in 2009. That meant if all of them united together, they could pass filibuster-proof legislation — so long as nobody defected. That was only possible because in 2006 Mark Pryor won a Senate seat in Arkansas, Sherrod Brown triumphed in a Senate race in Ohio, and Jon Tester beat an incumbent Republican in Montana.  Without those wins in 2006, the Democratic legislative agenda in 2009 would probably have looked different. They might’ve had to pursue a more limited healthcare reform plan; maybe the ACA wouldn’t have passed at all. What kind of Democrats will be on the rise in 2028? The 2006 midterms both created the opportunity for the ACA — and set the limits on what the legislation could actually achieve. Democrats had that 60-seat Senate majority, but within it were many more moderate members. Policies like the public option (which would have authorized the government to create its own health insurance plan to sell alongside private insurance) couldn’t get sufficient support. That is the dilemma of policymaking: You need those swing-seat members to win, which often means tacking to the center, but you also can’t pass anything they won’t get on board with.  Nevertheless, that is a good kind of political problem to have, one which Democrats would be thrilled to face in January 2029. All of which brings us to 2026. What are we going to do now? It all starts with the vote count. Most projections expect the Democrats to win between 10 and 20 House seats. But the difference between 10 and 20 could be substantial. The cushier the majority, the further you can push the policy agenda. More than 30 House Democrats actually voted against the ACA, but they could still narrowly pass the bill because of the huge majority that they had started building in 2006.  If you live in one of the districts — like Arizona’s Sixth or Colorado’s Eighth or Florida’s 22nd, to name just a couple of the 21 toss-up races identified by the Cook Political Report this year — that forecasters say is competitive this year, you could have an outsized say in what the future of policymaking looks like. But even in safe districts, you should vote: Elections are the most reliable way we have to gauge public opinion, and strong victories for the candidates who prioritize healthcare send a message. The same goes for the Senate. If Democrats sweep all of the competitive races, they could have up to 55 seats in the Senate in 2027 — with a chance to build on it in 2028. If you are a voter in Kansas, Michigan, Ohio, Texas, Alaska, Maine, New Hampshire, or Iowa, your ballot carries extra weight for the next steps in US healthcare reform. If the Democrats can reach 60 votes again in 2029, they would have much more flexibility about what to pass. Even if they fall short of that magic number, the more of a cushion they have above 50, the more likely that their Senate leaders can find support for altering Senate rules for the filibuster and get an ambitious bill approved. How you can get involved this election If there is ever going to be a path to a true healthcare overhaul, it starts with this year’s elections. If you want to see a change, you can vote — and you can do more than that.  Talk to your neighbors. Phone bank for candidates you believe in.  You can even sign up to drive people to the polls on Election Day. The results of this year’s midterms will also set the terms of the debate among Democrats. We are likely to see “show” bills advanced by Dems next year that may have no chance of being signed by President Donald Trump, but that will give us a sense of what kind of policies the party wants to pursue and how much support there is for them. Believe it or not, the first Medicare prescription drug negotiations bill passed the House in 2007 after Democrats’ big wins in 2006 — even though the policy didn’t become law for another 15 years. The broader public may not pay much attention to this kind of doomed-to-fail legislation, but it is often a window into the future. “One challenge for Democrats is finding the next big health care idea beyond the Affordable Care Act that will resonate with voters and respond to their affordability concerns,” said Larry Levitt, executive vice president for health policy at KFF. “One big difference between now and 2006 i

'Vivek Should Keep It Up': Trump Backs Ramaswamy Over Controversial Ad Targeting Rival's Mother
Oct 22, 2026
'Vivek Should Keep It Up': Trump Backs Ramaswamy Over Controversial Ad Targeting Rival's Mother

Trump defended Vivek Ramaswamy over an Ohio governor campaign ad featuring his Democratic rival Amy Acton's estranged mother.

Celebrity Traitors live: Maya Jama and James Acaster’s ‘yawn’ murder victim revealed
Oct 22, 2026
Celebrity Traitors live: Maya Jama and James Acaster’s ‘yawn’ murder victim revealed

Ross Kemp and Jerry Hall were prime candidates for murder

Woman, 27, charged after police officer shot in Nottingham
Oct 22, 2026
Woman, 27, charged after police officer shot in Nottingham

Aisha Zaman has been charged with possession of a prohibited firearm and possession of that firearm with intent to commit an indictable offence

ADHD could have a scary impact on your long-term health, researchers reveal
Oct 22, 2026
ADHD could have a scary impact on your long-term health, researchers reveal

More than 15.5 million Americans live with ADHD

Recommended

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Expert Features

The Expert Features reports on the issues and the world’s everyday news. Handled by experts in different niches, you will find different subjects and perspectives.

Terms
Privacy Policy
Press
Advertisement
Contact

Copyright © 2015 - 2026 Expert Features. All Rights Reserved.