The creation of a comprehensive estate plan should be one of the most important endeavors you undertake over the course of your lifetime. After all, a properly drafted estate plan can help protect and grow your assets while you are alive as well as ensure that those assets continue to provide for loved ones when you are gone. The Penn Yan, New York estate planning attorneys at Law Office of Michael Robinson, P.C. understand the importance of your estate plan to you and your loved ones which is why we are committed to helping you create a plan that achieves all your estate planning goals, both now and in the future.
Penn Yan, New York
Covering just 2.3 square miles, the Village of Penn Yan, New York had a population of 5,159 at as of the 2010 Census and serves as the county seat of Yates County. The name “Penn Yan” is a syllabic abbreviation of “Pennsylvania Yankee.”
Although the first frame dwelling wasn’t constructed until 1799, the history of Penn Yan goes back to the middle of the 18th century. The first European settlers in the area that would become Penn Yan were chiefly followers of Jemima Wilkinson, a religious enthusiast from Rhode Island. In 1789, Wilkinson obtained a large tract of land in what is now Yates County (which he called Jerusalem) and founded the Village of Hopeton on the outlet of Keuka Lake. Followers of Wilkinson settled there and prospered for many years; however, the community eventually disbursed. The village continued to prosper though, becoming an agricultural trading center for the county and eventually becoming the county seat in 1823 when Yates County was officially created. In more recent decades, Old Order Mennonite and Amish families have settled and taken over farms in the region. Beginning in 1974, many families of the Groffdale Conference Mennonite Church moved to Yates County from Lancaster County, Pennsylvania, seeking cheaper farmland. The Yates County Old Order Mennonites settlement is the largest horse-and-buggy community in the state of New York.
Visitors to Penn Yan will find a number of historic areas and buildings, including the Roderick M. Morrison House, the Lake View Cemetery, and the Charles Wagener House along with the Crooked Lake Outlet Historic District, the Yates County Courthouse Park District, and the Penn Yan Historic District which are listed on the National Register of Historic Places.
The Law Office of Michael Robinson, P.C. in the Penn Yan, New York Community
At the Law Office of Michael Robinson, P.C., we have dedicated our practice to the issues we feel matter most to our friends and neighbors – protecting yourself, your assets, and your loved ones through the creation of a comprehensive estate plan. Working with the right estate planning attorney is crucial to the creation of that plan. Knowing how difficult it can be to discuss highly personal financial and family matters with a virtual stranger though is one of the many reasons why we strive to create lifelong relationships with our Penn Yan, New York clients so that we can help you create a plan that accomplishes all your goals.
clients so that we can help you create a plan that accomplishes all your goals.
Creating an initial estate plan when you are young is important; however, the ultimate success of that plan often depends on reviewing and revising that plan in the years to come. That is one of the many reasons why we place such an emphasis on creating lifelong relationship with our clients. Initially, your estate plan may rely entirely on a Last Will and Testament to distribute your estate assets because your primary goal is to avoid leaving behind an intestate estate. As you build up your assets, and add to your family, that initial estate plan will also need to be updated to account for your expanding goals and needs. If you marry, you may need to change both beneficiary and fiduciary designations within your plan. Becoming a parent may prompt you to create a trust to protect the inheritance you plan to leave behind for your minor child. Incapacity planning and probate avoidance may also become important secondary goals within your estate plan. As you contemplate your retirement years, the need to incorporate Medicaid planning into your comprehensive estate plan will likely become clear as a way to offset the high cost of long-term care without putting your assets at risk. Finally, if you hold strong beliefs about end of life medical care you may wish to execute an advance directive to ensure that those beliefs will be considered and your wishes honored when the time comes.
At Law Office of Michael Robinson, P.C. our hope is that we can be there with you throughout the various phases of your life to help ensure that your estate plan protects you, your assets, and your loved ones at all phases of your life.
For more information, or to get started on your plan, contact the experienced Penn Yan, New York estate planning attorneys at Law Office of Michael Robinson, P.C. by calling (585)-374-5210 to schedule an appointment.