Who will take care of your children if you are no longer able to do so? In this unfortunate situation, it’s essential to appoint someone for minor guardianship in New York. Every family situation is different. Our New York firm can explain the legal options that make the most sense for the guardianship of your minor children based on your unique situation.
What to Consider When Planning for Guardianship for Minors in New York (Nassau County, Suffolk County, and New York City, NY)
If you have minor children in New York, it’s imperative to think about who would care for them after your death. This person would be the minor’s guardian. A court will ultimately decide who the guardian is, but significant weight is given to whom you nominate for this role.
Questions to Consider When Appointing a New York Guardian:
- Who does the minor already have a relationship with?
- Does the potential guardian have a parenting style similar to yours?
- Does the potential guardian have other minor children?
- Do you have religious concerns or preferences?
- Would your minor child have to relocate far away?
- Would the minor child still have access to other family members?
New York Article 17 Guardianship (for a minor)
When a minor’s property is valued at more than $10,000, a court must oversee the management of their assets. This situation usually occurs when a minor has either inherited funds or property after a loved one dies or when a personal injury lawsuit is settled. The objective is to protect the child’s assets until adulthood. After reaching the age of majority, the assets are turned over to the child.
Russo Law Group, P.C. helps you and your loved ones with Estate Planning, Elder Law, Special Needs Planning, New York Medicaid Planning, Trust & Estate, Guardianship, Small Business Planning, and Real Estate law. We welcome you to contact our Garden City, Lido Beach, or Islandia, New York, law offices to learn more about how we can help address your estate planning legal matters.
If you have questions or concerns about New York Guardianship for minors in Long Island and New York City communities, please don’t hesitate to contact the New York guardianship attorneys at Russo Law Group, P.C. While we have several office locations, we can also visit your home and offer virtual meetings for your convenience.