You're getting older, and you know that it's time to appoint an executor or trustee to your estate. You want to protect your assets and estate as much as possible while still giving your beneficiaries the things you've saved for them.
It is sad to think that some of our most vulnerable members of society fall prey to those hoping to exploit them financially. Unfortunately for many senior citizens in New York and elsewhere, this can easily be the case. As your parents age, they may become unwitting victims of financial predators.
At your request, you're able to have a "Do Not Resuscitate" (DNR) order in your medical charts. There are a few restrictions, though. For example, if you have a disease that affects your mental state, you may not be able to sign legally binding documents.
The late James Brown passed 11 years ago, yet his estate is not yet settled. His estate plan did not distribute his wealth well, according to a report, and in reality, not a cent has gone to his beneficiaries. The report states that there have been dozens of disputes filed against his estate, which makes it impossible to dole out the funds to the man's beneficiaries.