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Hoskins duo urges early estate planning for Black and Brown families
Summary
Robert and Sharon Hoskins, co-founders of Hoskins Life Legacy Planning, urged listeners to start estate planning early, explained a five-part "PEACE" framework for preserving generational wealth, and encouraged use of trusts and beneficiary designations to avoid probate delays.
Robert and Sharon Hoskins, co-founders of Hoskins Life Legacy Planning PC, told listeners they have shifted from family law to estate planning to help Black and Brown families preserve generational wealth. "When you leave no instructions and you've got 12 people who have to duke it out, it becomes a problem," Robert Hoskins said, using a multigenerational family dispute to illustrate how intestate estates can fracture families.
The Hoskinses laid out a five-part "PEACE" framework to help families plan: Protection of assets, Education for relatives about your intentions, Assuring your legacy through written instructions, Coordination of documents and financial tools, and Empowerment of future generations. "PEACE is what we're trying to give people — peace of mind," Robert Hoskins said.
They advised listeners to start planning early — "we recommend people start even at the age of 18" — to put in place powers of attorney and healthcare proxies, and to use trusts and beneficiary designations to transfer assets outside of probate. The hosts and guests discussed probate delays in the New York metro area; the Hoskinses said there is often a lengthy court process and cited what they described as a "standard 7-month waiting period" after an executor is appointed.
Sharon Hoskins emphasized common misconceptions: assets do not always automatically pass to a spouse or children, a simple will still triggers the court process, and cost worries often overlook the larger expense of probate (she said families can pay roughly 5–7% of estate value through probate costs). "If you pre-plan and create that trust plan — those are the magic words," she said.
The Hoskinses said they offer free online workshops twice a month and provide a free consultation to workshop participants; they gave their website as www.hoskinslp.com and listed an office in Westbury, Long Island. The segment closed with an invitation to viewers to attend workshops or contact the firm for planning help.
