Protect the assets and property of your minor children
Estate planning should take into account all possible scenarios; one of which is the unlikely and unfortunate event that you should leave behind children under the age of 18. If this were to happen, you would want to make sure that the property they inherit is protected.
An adult should be named to manage any money and property your minor children inherit. You may choose to give this responsibility to their guardian, or you may appoint someone specifically to administer their finances and maximize their benefits.
To learn more about New York elder law, New York Estate Planning, NY Elder, and New York Special Needs Planning, visit LittmanKrooks.com.
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