Good health is no guarantee for anyone in New York, young or old. Sometimes a person is so injured or ill that they are incapable of making decisions on their own behalf, for example, if they are in a coma or develop dementia. In such situations, the vulnerable adult,...
Trusts in New York state
In New York, a trust may be created for any lawful purpose. A trust differs from a will in that a will sets out how a person would like her assets and property distributed after she dies, and a trust creates a fiduciary (trust) relationship where the person authorizes...
Should a family member serve as the executor of your estate?
You will want to name an executor or personal representative to help administer your estate after you’re gone. Most people think that a family member is the best person to perform this task. However, this may not always be the case. Estate administration is a big...
Choosing between a will and a trust
People in New York plan for many aspects of their lives. This is important to do and it should include one of the only guarantees in life which is that everyone passes away at some point in time. It may not be something that people like to think about, but as they...
Have you been putting off estate planning? Start now
There’s no beating around the bush. If you want to protect your healthcare decisions, your financial decisions, your assets, and your loved ones’ wellbeing, then you need to engage in holistic estate planning. If you don’t, or you only put forth minimal effort, then...
