Guardianship and Incapacity Laws in New York
Legal guardianship protects incapacitated or disabled persons by legally assigning a person to make their financial decisions. This trusted person is able to make decisions for their ward in New York.
What are the Different Types of Guardianship?A Guardian / Conservator is appointed by the Court when someone is unable to make their own decisions and/or ensure their own care.
Read more- You Need These 4 Documents to Prepare for Incapacity
Each individual has the chance of becoming incapacitated at some point during his or her lifetime. For many people, incapacity is more likely each year than death.
Read more - Limited vs. General Powers of Attorney
Powers of attorney are legal documents you can use for any number of purposes. Powers of attorney transfer to someone else, called an attorney-in-fact or an agent, your ability to make decisions or enter into agreements. When you appoint a power of attorney, you give your agent the right to act on your behalf as a stand-in, and the decisions your agent makes are just as legally binding and enforceable as if you had made them yourself.
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