New York Administration Proceedings: What You Need to Know
In the case of someone in New York dying without a will, or intestate, many considerations are deliberated in connection with the appointment of an administrator for the deceased’s estate. Factors such as next of…
Read Moreabout New York Administration Proceedings: What You Need to Know
New York Surrogate’s Court Bonds: What You Need to Know
Executors and Administrators in New York Surrogate’s Court are often required to post an estate surety bond in order to be appointed as a fiduciary. Whether a bond is required is usually within the judge’s…
Read Moreabout New York Surrogate’s Court Bonds: What You Need to Know
Conservatorship vs. Guardianship
Both conservators and guardians are appointed to assist with the financial needs of a minor, disabled, or elderly person. Both have court ordered authority to make decisions for someone who is a minor, elderly, incapacitated,…
Read Moreabout Conservatorship vs. Guardianship
The Duties of a Court Appointed Guardian
The purpose of appointing a guardian to an incapacitated or disabled person is to allow the guardian to make decisions for the incapacitated or disabled person that they cannot make themselves. Both financial and non-financial…
Read Moreabout The Duties of a Court Appointed Guardian
What Does a Trustee Do?
A trust is a legal entity that technically owns assets and includes instructions describing who you want managing your affairs and who you want to receive the trust’s assets. But what does it mean to…
Read Moreabout What Does a Trustee Do?
Types of Trusts
So you’re thinking about setting up a trust. Or you’ve been appointed to be a trustee for a trust. It would probably help to know what the differences are between the types of trust, and…
Read Moreabout Types of Trusts
5 Things You Didn’t Know About Estate Planning
When you think of estates and estate planning, you probably think it’s just something that rich people do to pass their assets onto their children. But did you know that there’s a lot more to…
Read Moreabout 5 Things You Didn’t Know About Estate Planning
What is Receivership and What Is It For?
Receivership can best be defined as a process where someone legally appointed as receiver for a company acts in that capacity as a custodian for the company’s assets or operations. Receivership is most commonly associated…
Read Moreabout What is Receivership and What Is It For?
When Does a Family Member Need a Conservator or Guardian?
A guardian is appointed to take care of most non-monetary (and often times monetary) decisions for someone who is not able to do this themselves, while conservators are appointed to handle only the actual monetary…
Read Moreabout When Does a Family Member Need a Conservator or Guardian?