Guardianship occurs in situations where a court appoints a guardian to act on behalf of a person who is lacking in capacity to act on his own. Guardianship is overseen by the court. The incapacitated person is a ward, and the person acting on the ward's behalf is the guardian. In situations where a person has a physical or mental illness, or is severely injured, guardianship could become necessary unless the incapacitated person has made alternative plans in advance. It is important to … [Read more...] about Pros and Cons of Guardianship
Blog
How to Choose the Right Asset Protection Strategies
You need to make certain you choose the right asset protection strategies so you can protect your wealth and your financial security. Unfortunately, your assets are at risk from lots of different potential sources of loss. You work too hard to lose what you have built, so you have to be strategic when finding ways to keep your money and property safe. The Law Office of Michael Robinson, P.C. can help you to identify the asset protection strategies that will work best to achieve your goal of … [Read more...] about How to Choose the Right Asset Protection Strategies
What Occurs During Probate if There is No Will?
What are the rules for probate when there is no will in New York? Answering this question is very important if you are thinking about creating an estate plan or if you do not have an estate plan in place but you want to make certain that your loved ones inherit when you pass away. If someone you care about has died and did not have a will, then it is also important to determine what happens to assets if the deceased person passed away without making his preferences known. The Law Office of … [Read more...] about What Occurs During Probate if There is No Will?
What Assets Should Be in My Revocable Trust?
A revocable trust is created to accomplish a few different purposes. Many people create a revocable trust, or a living trust as it is also called, in order to facilitate the transfer of assets without those assets going through the probate process. If you are concerned about who will manage your property if you become incapacitated, the creation of a revocable trust could also make sense as you can name a backup trustee who will be vested with the obligation to take care of your assets held in … [Read more...] about What Assets Should Be in My Revocable Trust?
Myths About New York Probate Law
Under New York probate law, the probate process will generally take place in Surrogate’s Court in the jurisdiction where the deceased person (the decedent) lived. The probate process can be complicated and many families struggle as they wait for their inheritance and try to determine what their obligations are during probate. An experienced attorney can provide assistance with this process and can explain how the law applies to your situation. The Law Office of Michael Robinson, P.C. can … [Read more...] about Myths About New York Probate Law
