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Welcome to Craco & Ellworth, LLP. Providing quality legal services for more than twenty years.
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Welcome To Craco & Ellsworth, LLP

Craco & Ellsworth, LLP provides high quality, cost-effective legal services  to individuals and businesses  across Long Island and the metropolitan area.

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Getting Comfortable With Estate Planning Terminology

By Craco & Ellsworth • 14 Sep, 2021
Some people feel uncomfortable meeting with an attorney to discuss their estate planning needs because of an unfamiliarity with the law. A good lawyer will discuss your available options in simple terms that a person with no legal training can comprehend. You can also relieve some of that hesitancy by familiarizing yourself with legal terminology before meeting with a qualified estate planning attorney to discuss the appropriate choices for you. The following is a short list of common legal terms that may come up in an estate planning meeting. Take just a few minutes to familiarize yourself with this list and keep it handy for future reference. Attorney-in-Fact: A person who is named under a Power of Attorney to act on behalf of another person. Beneficiary: A person or entity that receives a benefit from an estate, trust or asset transfer vehicle. Death Probate: The legal process used to assemble and transfer a decedent's assets to the intended beneficiaries and settle a decedent’s outstanding debts. Decedent

Real Estate Closing Procedures

By Craco & Ellsworth • 14 Sep, 2001
A real estate transaction can be an overwhelming process for the parties involved. Unexpected issues can, and often do, arise. Developing a familiarity with some of these matters can ensure that purchasers and sellers move through the process more smoothly. In an effort to help our clients prepare themselves with respect to these issues, this article will explain ( l ) the documents a seller should have at the ready before going to contract, (2) the incidental costs associated with selling a home, and (3) the incidental costs associated with purchasing a home. As a seller you should make sure to have the following documents ready before entering into a contract:
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