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ARTICLE · 10 NOVEMBER 2011

Guardianship Planning

When a person becomes seriously incapac-itated, there is often a need for someone to assist them in their personal and/or economic affairs.

United StatesTax

Originally published in AKO Estate Planning & Tax Advisor Volume 10 Number 3, Autumn 2011

When a person becomes seriously incapacitated, there is often a need for someone to assist them in their personal and/or economic affairs. In such circumstances, the judicial appointment of a guardian may be required. This article will discuss the process under New York law, but similar statutes and safeguards exist under other states' laws as well.

The legislative intent is that the legal remedy of a guardianship should be the last resort for addressing a person's needs, as it deprives the individual of power and control over his or her life. Accordingly, the scope of the powers of a guardian are to be tailored to meet a person's specific needs with the use of the least restrictive level of guardianship that is appropriate.

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