Estate Planning Isn’t Just For The Elderly
As a guardian in New York, you carry a significant responsibility to manage the finances of those in your care. Mismanaging funds leads to serious consequences. Understanding your duties and the penalties if things go wrong is essential. Understanding guardianship and...
Incapacitated individuals may need help making decisions regarding their personal health and welfare. Fortunately, legal setups, such as guardianships, can help them receive the care and support they need to maintain dignified lifestyles, allowing them to access their...
You can name a guardian within your will, which is a person that will care for your minor children should you pass away. Along with other estate planning functions, naming a guardian is crucial for your family's peace of mind. Accordingly, you must make your selection...
When most people living in New York turn 18, the state considers them to be an adult, which means they are viewed to be capable and have the legal right to make their own decisions. Yet, if you have a child or other loved one who has an intellectual or developmental...
People age. They eventually start to lose some of the abilities they once had. At this point, it makes sense that children take care of their elders. Guardianship might help you do that, but it is not for everyone, and it can also be avoided by proper planning and...
In addition to establishing a plan for property and assets, wills also allow you to select a guardian for minor children in your care. If you fail to specify a guardian, the court will do so on your behalf. While the court keeps the best interests of the child in mind...
A key element of every estate plan for parents is guardianship assignment. Your estate plan needs a clear and specific determination of your wishes for the care and keeping of your children following your death. Once you determine who you trust to serve as guardian...
Adulthood gives you the power to make independent decisions regarding your governance and financial affairs. However, what happens if you suffer a debilitating injury or when age begins to interfere with your rationale? An adult guardianship allows you to give...
If you are just beginning to think about long-term planning for your loved ones, guardianship may be a new concept for you. A guardianship allows caregivers to proactively make decisions for those in their care. In New York, the law provides guardianships for those...
In addition to protecting your assets, your estate plan also offers essential tools to protect your family members. For example, wills allow parents to name guardians for their minor children, which can offer ample peace of mind. While it may be an unpleasant subject...