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There are a number of reasons to consider placing your assets in a trust. There are also times when a trust is unnecessary, so exercise caution when making the decision. Many people choose a trust as a means to avoid probate after an individual passes away. This is a good idea if the deceased had […]
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Posted on December 28th, 2016 in Estate Planning, General
In one of my previous articles, I pointed out the importance of having a Power of Attorney (POA). It’s also important to decide what powers the principal wants to give to the agent in the Power of Attorney. The standard Power of Attorney form in New York State lists broad categories of powers that a […]
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Posted on December 8th, 2016 in Estate Planning, General
What is a power of attorney? When an individual sets a power of attorney, it means they have appointed a trusted person to act on their behalf regarding any non-medical decisions, such as banking transactions or selling a home, if they are unable to do so because of incompetence or physical inability. The power of […]
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Posted on July 8th, 2016 in Elder Law, Estate Planning
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Robert W. Shaw is licensed in New York.
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