Our attorneys work with clients to set up an estate plan will ensure that their wishes are carried out and assets are effectively preserved and protected from avoidable estate tax. The planning includes directing the disposition of assets upon death, establishing who will make financial and medical decisions in the event of disability and, if applicable, directing who will be the guardians of minor children. If the plan requires asset transfers, our staff will insure the transfers are done in a timely manner. If illness or incapacity prevents a client from traveling to our office, we will accommodate the client. Our No-Fee annual review will insure the plan has been correctly implemented and will prompt clients to revisit their goals, in light of any changes in the law.
From inception through distribution of assets to beneficiaries, our attorneys advise fiduciaries on the many legal issues which arise during the administration of a trust or estate, including probate and administration proceedings, gathering and preserving estate assets, estate and trust tax issues, estate and trust accountings and proper distribution of assets to beneficiaries. Our supportive staff insure our clients' needs and concerns are addressed in a professional, timely and compassionate manner.
The process of distributing an estate can be a confusing, emotionally charged time. The proper legal guidance is essential to protecting one's rights. Our attorneys have considerable experience in a wide range of litigated estate matters, as well as an all-important familiarity with the Surrogate's Court. Craco & Ellsworth can offer assistance with all facets of estate litigation, including disputes over closely-held businesses, litigation over the conduct of executors, administrators and trustees, will contests and contested gift cases.
Seniors and their families face a wide array of issues which may profoundly impact the quality of one's life. These issues include how to protect one's assets in the event of long term care, asset management and medical decision making if one becomes incapacitated, applying for government benefits (including Medicaid), the appointment of a guardian and choosing among the variety of long term care options.
Craco & Ellsworth seeks to help clients make decisions which protect both their hard earned assets and their dignity. Our goal as a full service Trust & Estates/Elder Care law firm is to develop lifelong relationships with our clients and their families.
The firm handles real estate transcations ranging from simple residential buy/sells to complex commercial transactions. Craco & Ellsworth represents purchasers, sellers, developers, lenders, landlords and tenants.
Craco & Ellsworth, LLP represents clients in the transfer, development and leasing of commercial (office, retail and industrial) property. Investors, users, developers, landlords and tenants rely on our expertise in the areas of entity formation, suitability of use, acquisitions, title and lending.
The office has developed a system which promotes an efficient transfer of title. The attorneys and legal staff guide our clients through the process of contract negotiations, title search, financing (if requested) and closing. Our attorneys and staff keep in mind that the sale or purchase of a home is often the most important event in the client's life. Our staff attempts to reduce anxiety by keeping the client informed at every stage.
Our office prepares and negotiates all varieties of leases for the use of commercial property. We represent landlords and tenants, large and small, negotiating leases for office, professional, retail and industrial uses. Our experiences in litigating lease disputes is helpful in addressing issues that most frequently deteriorate into disputes during the lease negotiating process.
Craco & Ellsworth practices regularly in all local, state and federal courts. The firm handles litigation arising from each of its areas of practice (real estate, commercial transactions, trusts and estates). Cognizant of the fact that litigation is costly, both financially and emotionally, the firm seeks to resolve litigated matters in an efficient manner by returning phone calls and keeping clients advised.
The Firm has the resources to handle complex commercial matters and appeals. Louis A. Craco, Counsel to the firm, and former head of the ligation department at Willkie, Farr & Gallagher, lends his vast experience litigating a wide array of commercial matters.
Recognizing that litigation costs can become economically burdensome to small businesses or individuals, we strive to efficiently provide our clients highly competent representation.
Craco & Ellsworth handles disputes arising out of:
Nothing is more frustrating to a commercial real property owner than tenants who are chronically delinquent in the payment of rent. The strongest business plans can be derailed by the non-paying tenant, who then fails or refuses to vacate upon landlord's demand. Often, transactional law firms who handled the purchase or leasing of properties are not inclined, or able, to efficiently bring summary proceedings for eviction under the New York Real Property Action and Proceeding law.
Craco & Ellsworth is experienced in the prompt prosecution of summary proceedings on behalf of commercial landlords, in the court of New York City and Long Island. Large national commercial real estate companies and Investment Trusts have used our firm as a high quality, cost effective option when seeking to quickly terminate a tenancy and re-take possession.
Foreclosure, commercial and residential, presents challenges for those holding mortgages as collateral as well as for owners of properties being foreclosed upon. Craco & Ellsworth has significant experience assisting lenders, creditors, court appointed receivers and homeowners with this perilous and often confusing process.
For some, foreclosures present opportunities. The availability of distressed properties at competitive prices offers shrewd investors a chance to acquire at a discount. Craco & Ellsworth assists investors seeking access to foreclosed or distressed properties and also provides advice as to the choices of entity for ownership.
Partners, shareholders and members of limited liability companies often find themselves disagreeing over the direction a company/business entity should take. Craco & Ellsworth helps partners, shareholders and LLC members analyze the complexities of business relationships. We represent owners in the negotiation and sale of shares under shareholder or operating agreements, severance agreements and, if necessary, commence dissolution and/or valuation proceedings in the appropriate courts. At all times, we keep in mind the need to resolve business disputes quickly and cost effectively.
Craco & Ellsworth advises clients on business formation issues, including the proper choice of entity for joint ownership and protection from personal liability. In doing so, the firm works closely with tax and other experts to create an entity that is efficient and protective of the client's personal assets.
Craco & Ellsworth can be of assistance at the earliest stages of a businesses development. The firm encourages clients to undertake a rigorous self-assessment to determine whether they possess the necessary skills, experience and financial backing to start a new business. Whether buying an existing business or starting from scratch, clients are encouraged to develop a written business plan focusing on such topics as:
Next, Craco & Ellsworth can assist in forming a supportive and trusted team of experts, including:
Craco & Ellsworth focuses on the details of business formation, including registering or reserving names; trademark (or service marks); licensing issues, local, county, city or state, environmental permits; and obtaining tax ID numbers.
Once up and running, Craco & Ellsworth continues to serve as a source of information and advice. Issues of employment, competition, financing and expansion invariably result in questions and (problems) that keep clients returning.