If you were incapacitated or unable to make medical decisions for yourself, who would you want to handle this on your behalf? While a name may come to mind, you need to consider your options carefully when selecting a health care proxy, also known as your health care...
Month: March 2022
What do you know about choosing the right executor?
As part of planning your estate, you must name an executor, a person selected to administrate your estate. While you understand the importance of the role, you do not know whom to choose for it. CNBC shares tips for selecting your estate's executor. Get insights on...
Should you place a relative as your executor?
An executor is a person who holds a lot of power in your estate, especially after your death. For that reason, you want to pick someone trustworthy, reliable and responsible. You might lean toward selecting a family member because you grew up with them and know them...
Understanding the role of supplemental needs trusts
If you are helping support and care for a loved one with a physical or cognitive disability, you want to ensure that they continue to have a comfortable life and the best available care after you’re gone. The federal, state and local governments provide a variety of...
Why you may want to avoid probate
The state of New York requires probate for your estate. Probate refers to the legal process of transferring your assets to your beneficiaries after your death. State laws govern the management and distribution of property to heirs. An understanding of probate statutes...
