Who will take care of your children if you are no longer able to do so? In this unfortunate situation, it is essential to plan who you would appoint as guardians for your minor children to prepare for the unexpected. Every family situation is different. Nevertheless, our New York firm can help you navigate the legal options for guardianship for your minor children.
What to Consider When Planning for Guardianship for Minors in New York
If you have minor children in New York, it is imperative to give thought to 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 similar parenting style 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)
In instances where a minor’s property is valued at more than $10,000, a court must oversee the assets’ management. This situation usually occurs when a minor has either inherited funds or property after a loved one deceases or when a personal injury lawsuit is settled. The objective of the law is to protect the gained assets of the minor throughout childhood. 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 handle Estate Planning, Elder Law, Special Needs Planning, Medicaid Planning, Trust & Estate, Guardianship, Small Business Planning, and Real Estate Law. We welcome you to contact our Garden City, Lido Beach, Islandia, or Manhattan, New York law offices to learn more about how we can help address your guardianship legal matters.