Robert W. Shaw
When estate planning, determining the best way to transfer the ownership of a home from parent to child has many implications—especially for seniors. There are 3 ways to transfer the ownership of a home from parent to child: Outright gift Gift with a reserved life estate Gifting by trust Outright Gift The problem with an […]
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Without a healthcare proxy in New York State, you will not be able to control who makes your healthcare decisions if you become unable to make these decisions yourself. Living wills are often confused with healthcare proxies. The difference between a healthcare proxy and a living will is that a living will gives evidence for […]
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By having a will, you can retain more control over the distribution of your estate. Without a will, the state you live in determines how your property is distributed. People usually start thinking about making a will when they get married and start a family, but even a single, childless person should have a will. […]
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Trusts fall into two main categories: revocable and irrevocable. Revocable trusts are set up by the individual (known as the “grantor”), often for their own benefit, and can be changed at any time. Irrevocable trusts are setup in a manner intending that they not be changed. Both types of trusts can be either living trusts […]
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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. I invite you to contact me and welcome your calls, letters and electronic mail. Contacting me does not create an attorney-client relationship. Please do not send any confidential information until an attorney-client relationship has been established.
Robert W. Shaw is licensed in New York.
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