The Law Offices of Lawrence Israeloff, PLLC

The Law Offices of Lawrence Israeloff, PLLC Lawrence Israeloff, Esq., CPA, CFP® is an experienced attorney, Certified Public Accountant (CPA), Sometimes you need a lawyer. Sometimes you need an accountant.

Sometimes you need legal help regarding taxes and financial planning. The good news is The Law Offices of Lawrence Israeloff, PLLC can help you on all counts. The Law Offices of Lawrence Israeloff, PLLC provides valuable, intelligent, and creative solutions to address our clients’ business, financial, tax and legal matters. Lawrence Israeloff, Esq., CPA, CFP® is an experienced attorney, Certified

Public Accountant (CPA), and Certified Financial Planner Professional (CFP®), providing a one-stop shop for our clients’ tax, accounting, trusts and estate planning, and business management needs.

The sunset everyone planned around never happened.The One Big Beautiful Bill Act made the federal estate and gift tax ex...
05/26/2026

The sunset everyone planned around never happened.

The One Big Beautiful Bill Act made the federal estate and gift tax exemption permanent at $15 million per person, no expiration date. For high-net-worth families who spent 2017–2025 making defensive gifts and funding irrevocable trusts to beat the TCJA cliff, that's genuinely good news.

But it doesn't mean your plan is optimized for the new landscape.
Our latest post breaks down exactly what changed, what didn't, and where the highest-leverage planning moves are in 2026.

The 2026 estate tax exemption is now permanent at $15M. If you made defensive gifts before the TCJA sunset, your plan may need a second look.

Missed the tax deadline? Don't panic – but don't wait, either.The failure-to-file penalty runs at 5% per month. The fail...
04/22/2026

Missed the tax deadline? Don't panic – but don't wait, either.

The failure-to-file penalty runs at 5% per month. The failure-to-pay penalty is only 0.5%. That gap is why filing immediately (even if you can't pay) is almost always the right first move.

Whether you're self-employed with a complicated return or you simply ran out of time, the path back to good standing is usually shorter than you think.

Missed the 2026 tax deadline? Learn what IRS penalties apply, how extensions really work, and your options for getting back into compliance – fast.

Is an "Irrevocable" Trust actually a good thing?The word sounds final, but in the world of high-net-worth estate plannin...
03/03/2026

Is an "Irrevocable" Trust actually a good thing?

The word sounds final, but in the world of high-net-worth estate planning, "irrevocable" is often synonymous with "protected."

When you transfer assets into an irrevocable trust, you aren’t just giving up control, you are gaining a legal fortress. From shielding your life’s work from future lawsuits to "freezing" asset values to avoid the New York estate tax cliff, this tool is a cornerstone of sophisticated wealth preservation.

Discover the tax benefits and asset protection of irrevocable trusts. Learn how a dual-credentialed attorney/CPA can help secure your legacy.

When a business owner passes away, the company doesn’t simply pause – employees still need payroll, vendors need payment...
02/11/2026

When a business owner passes away, the company doesn’t simply pause – employees still need payroll, vendors need payment, and tax deadlines continue. Without proper planning, families can face frozen bank accounts, legal disputes, and even forced liquidation.

In our latest article, we explain what actually happens to a business during probate, how ownership transfers, and the steps families can take to protect both the company and their financial future.

If you own a business or may one day inherit one, this is essential reading.

What happens to a business during probate? Learn how ownership, taxes, and succession work after a business owner’s death.

Estate planning isn’t just about what happens after you’re gone. It’s about protecting your family, your privacy, your p...
01/16/2026

Estate planning isn’t just about what happens after you’re gone. It’s about protecting your family, your privacy, your property, and your legacy.

A revocable living trust can help New York families:
✔ Avoid probate
✔ Maintain privacy
✔ Plan for incapacity
✔ Adapt as life changes
✔ Coordinate tax and estate strategies

Our latest article explains 5 reasons to consider a revocable living trust and how it fits into a comprehensive estate plan.

Discover 5 key reasons a revocable living trust may benefit your estate. Learn how New York families use trusts to avoid probate.

Your estate plan shouldn’t be static – it should evolve as your life and finances change.Marriage, children, business gr...
12/16/2025

Your estate plan shouldn’t be static – it should evolve as your life and finances change.

Marriage, children, business growth, real estate purchases, and shifting tax laws can all impact whether your current plan still works the way you intended. An outdated estate plan may expose your family to unnecessary taxes, delays, or legal complications.

In our latest article, we explain when and why you should review and update your estate plan and how proactive planning helps protect your legacy and long-term financial goals.

Life changes, tax laws shift, and assets grow. Learn why updating your estate plan matters and how proactive planning protects your legacy.

Avoiding probate doesn’t have to be complicated – with the right planning, you can protect your family from delays, unne...
11/24/2025

Avoiding probate doesn’t have to be complicated – with the right planning, you can protect your family from delays, unnecessary costs, and public court proceedings.

Our latest article breaks down the most effective strategies, like revocable trusts, beneficiary designations, and lifetime gifting, to help ensure your assets transfer smoothly and according to your wishes.

Read the full post and learn how we can help you build a personalized estate plan that supports your long-term goals.

Avoid probate and protect your family with smart estate planning strategies. Learn how trusts can help your assets pass smoothly.

Is your will truly secure? At The Law Offices of Lawrence Israeloff, we help you create legally valid, uncontestable wil...
07/18/2025

Is your will truly secure? At The Law Offices of Lawrence Israeloff, we help you create legally valid, uncontestable wills backed by expert estate planning and tax insight.

✅ Avoid costly disputes
✅ Follow New York legal standards
✅ Communicate your wishes clearly

Ensure your will is legally valid and harder to contest. Learn expert tips from our estate planning attorneys to protect your legacy and loved ones.

Who will make decisions if you can’t? Incapacity can happen unexpectedly. Don’t leave your future to chance. Learn how P...
07/02/2025

Who will make decisions if you can’t? Incapacity can happen unexpectedly. Don’t leave your future to chance. Learn how Power of Attorney and Healthcare Directives can protect your health, finances, and peace of mind.

Protect your future with proper incapacity planning. Learn why Power of Attorney and Healthcare Directives are essential and how The Law Offices of Lawrence Israeloff can help you safeguard your wishes.

How long does probate take in New York? It depends—most estates take 7 to 18 months, but delays can happen. Learn what t...
07/02/2025

How long does probate take in New York? It depends—most estates take 7 to 18 months, but delays can happen. Learn what to expect, how to avoid common pitfalls, and why estate planning matters.

Wondering how long probate takes in New York? Learn what to expect at each stage of the probate process, what can delay it, and how to plan ahead. Get trusted guidance from The Law Offices of Lawrence Israeloff.

Address

445 Broadhollow Road Ste 100
Melville, NY
11747

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm

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+15165374440

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