APRIL 2021 • LONGISLANDPRESS.COM 55
POWER OF YOUR ATTORNEY
OPEN HOUSE OF YOUR ATTORNEY
HEWLETT BAY PARK
SPACIOUS, STATELY
COLONIAL
A stately, 5,200-square-foot colonial
home is listed for sale at 159 Meadowview
Ave. in Hewlett Bay Park.
The listing describes the spacious yet
cozy estate as the perfect summer getaway
— a “vacation paradise.” Its many
amenities surely don’t suggest otherwise.
The home has a heated pool with
a spillover hot tub, tennis courts, half
basketball court, a wine cellar, and a
sauna. Also, the master bedroom has
a bathroom with a jacuzzi tub, heated
floors, steam shower, and a walk-out
balcony.
Another unique feature of this house
is its mirrored dance studio. Plus the
home, which was built in 1923, has classical,
custom woodwork, from interior
double doors to the wood-burning
fireplace to the moldings and kitchen
cabinets.
While the home is traditional in its
style, its modern touches keep it lively
and liveable for 2021. The eat-in kitchen
has updated appliances, granite
countertops, a pantry, and a separate
prep area. Each room offers plenty
of space, including the formal dining
room, storage areas, walk-in closets,
entrance foyer, and basement.
The house has five bedrooms, five bathrooms,
and two half bathrooms. The
1-acre property also includes a full roof
deck, and a detached two-car garage.
The asking price is $2,495,000, not including
the annual property tax of $59,779.
The real estate agent listed for the
property is Dan Adams, of Miller
Realty Group, who can be reached at
516-248-5007.
-BB
ESTATE PLANNING AT EVERY AGE
YOU’RE NEVER TOO YOUNG
OR TOO OLD TO PLAN
BY JENNIFER CONA, ESQ.,
CONA ELDER LAW
Estate planning is important at every
age. The type of planning required is
different across the generations, such as
during the earning and accumulating
years, during the planning years
in which a family is growing, and
during the protecting years as a person
approaches retirement and beyond.
One common denominator for all
generations is the importance of a
Last Will and Testament. Young and
old, wealthy, and middle income
individuals and families must execute
a Will so that estate assets can be
distributed pursuant to your wishes.
Without a Will, the state laws of dying
without a Will determine how your
assets will be distributed. For example,
$50,000 plus one half of your assets
will be distributed to your spouse,
with the rest of your assets passing to
your children, even if they are minors.
This is not what most people want,
particularly since your children will
receive those monies at age 18.
Young families typically execute Wills
in order to name guardians of minor
children. Baby Boomers and beyond
should focus on both estate planning
and asset protection planning. In many
cases, this can involve establishing a
living trust and funding the trust
with real estate and possibly bank
and brokerage accounts as well.
Transferring assets will begin the fiveyear
look-back for asset protection and
Medicaid eligibility purposes. If there
is no healthcare crisis within those five
years, all of the transferred assets will
be protected and can be inherited by
loved ones.
People of all ages should have
Advance Directives, namely, a Power
of Attorney, Healthcare Proxy, and
Living Will. A Power of Attorney is
a legal document wherein you name
an agent(s) to handle your financial
affairs, such as banking, real estate
transactions, asset protection planning,
and more should you become unable
to do so yourself.
A Healthcare Proxy is a document
wherein you designate someone
to make medical decisions and
communicate with medical providers
on your behalf should you be unable
to do so. Everyone older than age 18
should have a Healthcare Proxy. For
example, did you know that when
your child goes to college, if there is a
healthcare emergency, you will not be
able to get any information or speak to
medical providers unless you are your
child’s Healthcare Agent?
A Living Will is a document wherein
you state your wishes regarding endof
life care, such as artificial nutrition
and hydration, pain management,
and administration of CPR. By stating
your wishes in this document, your
loved ones do not
need to make these
extremely difficult
decisions. Instead, they must honor
your wishes.
Estate planning is critical at every
age but it is also important not to
“set it and forget it.” Your estate
plan should be reviewed every five
years, sooner if you retire or are
contemplating retirement, if there
are changes in your or your spouse/
partner’s health, if there are changes
to your family composition, such as
deaths, births, divorces, or significant
changes to asset levels (other than
typical market fluctuations). And
keep in mind that one size does
not fit all; there are many casespecific
issues that affect estate and
asset protection planning. Only an
experienced elder law attorney can
properly analyze each situation and
make the best recommendations.
LEGAL ALERT:
April 16, 2021 is National Healthcare
Decisions Day! Join Partner Melissa
Negrin-Wiener at 8:30 a.m. for an
educational and empowering webinar
about the important changes coming
to the Power of Attorney laws in
June. New York recently passed a law
making substantial revisions to Powers
of Attorney, including wholesale
changes to this important legal
document. These changes go into effect
on June 13, 2021. This webinar will also
cover the importance of advance care
planning such as hospice care, end-oflife
care options, Healthcare Proxies
and Living Wills. To register for our
April 16 webinar, call Shannon Quinn
at 631-390-5000 or email squinn@
conalaw.com.
Jennifer B. Cona, Esq. is the Founder
and Managing Partner of Cona Elder
Law PLLC. Cona Elder Law is an awardwinning
law firm concentrating in
the areas of elder law, estate planning,
estate administration and litigation, and
healthcare law. Cona Elder Law takes a
holistic approach to elder law, providing
support and resources for older adults and
caregivers, and maintaining long-term
partnering relationships with clients to
provide the best solutions for multiple
generations. The irm has been ranked
the No. 1 Elder Law Firm by Long Island
Business News for eight consecutive years
and received the Business Achievement
Award from the Hauppauge Industrial
Association (HIA-LI). For additional
information, visit conaelderlaw.com.
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