There are four basic tools of estate planning: Durable Power of Attorney, Health Care Proxy and Living Wills, Will & Living Trust. It is imperative to have these documents executed by the care recipient, while they are legally competent.
Who Gets Grandma’s Yellow Pie Plate? Transferring Non-Titled Property
The transfer of non-titled property such as photographs and other family heirlooms often creates more challenges among family members than the transfer of titled property. Here’s how to deal with some of the issues that may arise.
Death Without a Will
A person who dies without a will is said to have died “intestate”. Because the deceased person left no direction on how to dispose of their assets, New York law provides for how those assets will be distributed among the surviving members of the decedent’s family.
Who Will Manage Your Affairs If You Cannot?
Everyone faces the possibility that sometime during their lifetime, they may become incapacitated. Many people assume their spouses or children will automatically be allowed to make financial and/or medical decisions for them, but this is not necessarily so.
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