New York Estate Planning Blog

Estate Planning Law Firm Serving New York

Category: Young Families

Estate planning is important for young families in New York. A comprehensive plan protects parents and their children.

Have a will that designates guardianship for your children, and choose a friend or family member that provides support, safety, and security. Consider a standby guardianship designation that empowers a guardian to care for your children if you are incapacitated.

Parents can protect their financial and medical best interests with durable powers of attorney (POAs) that appoint someone they trust to oversee their financial matters and healthcare.

A living will protects and legally documents your medical wishes in the event of terminal illness or incapacitation.

A revocable living trust is a three-party agreement with the trust maker, trustee or trustees, and the beneficiaries. Revocable living trusts protect your assets and control your estate management and distributions.

A study at the University of Cambridge concluded that children begin developing an understanding and habits surrounding finances by the age of …

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At The Village Law Firm, we understand the many different shapes a family can take. As a firm in New …

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