It is the Probate court that assigns guardianship. Guardianship lets an individual the legal ability to make personal, financial and medical decisions on behalf of the ward. A legal guardian is the one who makes these decisions. A ward is a minor child, or an incapacitated individual with disabilities, either mental or physical that prevents…
In the articles section you can find blogs that discuss all areas of Estate Planning. By going to the articles section and reading some of the blogs you are able to better educate yourself on the different products and concepts of estate planning.
Estate Planning includes:
- Planning for pass through of assets upon death,
- Planning for minors (Setting up guardianship designations or special needs trusts),
- Utilizing tax mitigation strategies (for example the current gift tax exemption),
- Creating a form of asset protection (from creditors and predators or as a form of marital asset protection),
- Setting up healthcare proxies ( giving someone your trust the ability to make healthcare decisions for you in the event you are unable to do it for yourself),
- Setting up Power of Attorney (enabling someone to make executive decisions regarding your assets and finances in the event you are unable to and it is necessary),
- Medicaid or Retirement Planning (Divesting yourself of assets to qualify for Medicaid or Government subsidies),
- End of life planning using living will or last directive (Indicating burial requests and tube feeding or resuscitation in the event it is necessary).
In the articles section we have gone ahead to make it easier for you to find the topic of interest by creating subcategories. Our goal is to make it simple and easy for people to come to our website in order to educate themselves about the different types of trusts for example Revocable Trusts and Irrevocable Trusts or Special Needs Trusts and Supplemental Needs Trusts.
In the articles section you will find the following subcategories:
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
A very common concern for people with families or high risk professions for example doctors, lawyers, policemen, firemen, accountants and so on. Newlyweds seeking marital protection and people with large cash liquidity might also be worried about their exposure and seek asset Protection.
At some point in our lives we are done working and are ready to retire and want to know the best practices for retiring. Here you can learn about pass through of assets, divesting of assets and planning for your final days.
Here you can learn about tax mitigation strategies.
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Everyone wants to plan for events while they are alive and not just after death learn more here.
What happens when someone dies or passes away with a Will.
Flexibility when it comes to planning.
The different types or forms of trusts and their uses.
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Planning for pass-through of assets.
Will and Trust
Different uses of having both documents a Will and some form of Trust.
If you are shopping around or look for ways to vet an Estate planning Attorney/Lawyer and wish to better educate yourself on the topic the articles section is for you.
Guardianship is an essential legal tool for individuals when it comes to decision making for both adults and minors. A legal guardian can make decisions for or on behalf of the ward. Any disabilities usually impose limitations in decision making, and it is only right for a person to appoint a legal guardian. A guardian…
Many people think that becoming a guardian is easy. They all have this misconception that acquiring somebody’s guardianship is not that hard. Once you get involved in the guardianship process, then you come to know how stressful it is. Before starting with the guardianship process, you must make sure that you have all the required…
It’s always easy to go through a legal process with an attorney by your side. He/she can save you from the burden that the legal processes put on everybody. Similarly, acquiring guardianship is also a legal process, and you can use help from an attorney in this. You can hire a Guardianship Attorney Long Island…
Many families have loved ones who are mentally or physically disabled, and they are incapable of making their own decisions. So, they need someone’s guidance and help in making decisions about their life. Without someone’s guidance, they can make wrong decisions that can have a harmful effect on their lives. So, a disabled person can…
Guardianship is one of the most important responsibilities someone can get. With guardianship, the person gets authorized with the responsibility to take care of a child. The person with the guardianship authority is also responsible for making decisions on the child’s behalf. A legal guardian gets appointed when the parents are dead or are incompetent…
Legal Guardianship New york is the power or authority that allows a person to decide on someone’s behalf. Usually, this is for the minor who is not capable of making their own decisions. Parents have this power initially as they have given birth to the minor.So,in case the parents are incompetent or dead, then some…
The parents are the first legal guardians of the child. They are also considered as the legal guardians by the court. But in cases such as when the parents are incompetent, or they have died, a relative or a friend can get selected as a guardian. Legal guardianship of a child is the authority to…
Children usually are incompetent to make their decisions; may it be a financial or personal decision. So, they need a guardian to make decisions on behalf of them. Parents usually get chosen to be the guardian. In some cases, due to the absence of a competent guardian, a relative can get appointed as the guardian.…
According to the laws, the parents become the legal guardians when the child has some disability. The parents act as their guardians until they reach 18 years of age. After this, the state law considers the minor as a competent adult who can make his/her decisions. At this stage, there is no requirement of a…