Person in Need of a Guardian

Person in Need of a Guardian

Person in Need of a Guardian vs. Incapacitated Person In an Article 81 guardianship proceeding, if a person can consent to the appointment of a guardian, that person is typically called a “person in need of a guardian” or a “PING.” What is the...
Died Intestate (Without a Will). Now What?

Died Intestate (Without a Will). Now What?

Died Intestate (Without a Will). Now What? In New York, if a relative has died intestate, it means they have died without a Will. Every state has laws that control who inherits property if no will exists. In New York, the law that controls who inherits a...
Is My “No Contest” Clause Foolproof?

Is My “No Contest” Clause Foolproof?

My Will has a “No Contest” clause. Is it Foolproof? A “No Contest” clause or “In Terrorem” clause is often thought of as a way of preventing a challenge to a Will. If properly drafted and used under the right circumstances, a “No Contest” clause can be advantageous...
Irrevocable Life Insurance Trust

Irrevocable Life Insurance Trust

Irrevocable Life Insurance Trust Individuals purchase life insurance for a number of reasons. Some do it as an investment. Others do it as a wealth planning strategy. If you purchase life insurance so that you can have liquidity to pay estate taxes, then the owner of...
Checklist for NYC Guardians

Checklist for NYC Guardians

Checklist for NYC Guardians You Have Been Appointed Guardian of an Incapacitated Person in NYC. What do you do now?  A basic checklist of tasks to perform to appropriate settle the estate is provided below.    Review the Order and Judgment appointing the Guardian of...