Search
Search ×

 

 

The attorneys and staff at Gray & Feldman LLP are committed to delivering quality legal services that both meet and exceed client expectations.

 

 

Collaborative Divorce

Collaborative Divorce

A respectful and dignified approach to resolving your divorce or legal separation.

Special Needs Planning

Special Needs Planning

Allow us to help you plan for that special person.

Link

Family Law

We have experience with all types of family law matters.

Link

Trust / Estates

Trust us with your estate planning or administration needs.

Link

Elder Law

You needn't fear Medicaid.

Link

Business Law

We're your small business experts.

Link

Real Estate

Buying or selling: We can help.

 

Custody & Child Support Law

Custody & Child Support

We help tailor parenting plans and child support.

 

 

The President Signs the Special Needs Trust Fairness Act into Law

December 13, 2016 law allows mentally competent adults with a disability to establish their own special needs trust

George H. Gray 0 545 Article rating: 5.0

Special Needs Trust Fairness ActIn response to an outdated presumption in the law that all adults with a disability are not competent to handle their own affairs, the "Special Needs Trust Fairness Act” was signed into law on December 13, 2016.  The Act will insure that a mentally competent adult with a disability can establish his or her own special needs trust.  


What is a Guardian?

The dictionary defines a “Guardian” as a person who is entrusted by law with the care of the person or property, or both, of a minor.

George H. Gray 0 383 Article rating: No rating
The dictionary defines a “Guardian” as a person who is entrusted by law with the care of the person or property, or both, of a minor. The Guardian is the person who will raise your child in the event both you and your spouse have passed away. During the process of selecting an individual to be nominated as Guardian of your minor child under your Will, you should give consideration to the relationship of the Guardian to your child, the Guardian’s physical location, the values you share with the Guardian and the Guardian’s own home situation. 

What is a Trustee?

You may establish a trust during your lifetime or in your Will. In either instance, you must name a Trustee.

George H. Gray 0 404 Article rating: No rating
You may establish a trust during your lifetime or in your Will. In either instance, you must name a Trustee. This is the person (it may be an entity or organization) who manages the property in the trust, distributes the principal and/or income to the beneficiaries and accounts to them for the Trustee’s actions. Since the job of a Trustee involves things financial, your choice of Trustee should reflect strong organizational and management skills. 

What is an Executor?

An Executor is the person you name in your Will who is “in-charge” of your affairs after your death.

George H. Gray 0 416 Article rating: No rating
An Executor is the person you name in your Will who is “in-charge” of your affairs after your death. The authority of an agent under a Power of Attorney to act on your behalf ceases at your death, and he or she can no longer access your bank or brokerage accounts or speak with custodians of your private information. It is the named Executor who generally commences the Probate Process to seek the issuance of “Letters Testamentary.” It is these “Letters” (generally evidenced by “Certificates of Letters”) which grant to your Executor the authority to administer your affairs after your death. Not until “Letters” are issued by the Court is anyone authorized to act on your behalf after your death.

What is a “Fiduciary:” General Considerations.

A “fiduciary” as a person to whom property or power is entrusted for the benefit of another.

George H. Gray 0 779 Article rating: No rating
The dictionary defines a “fiduciary” as a person to whom property or power is entrusted for the benefit of another. While our focus in this series will be on the individual fiduciary, it should be noted that a fiduciary may also be an entity, such as a Bank or Trust Company. The fiduciary relationship is based on and is in the nature of trust and confidence. 
RSS
1234567

Resources




Special Needs Planning: A Guide for Families in New York with a Loved One with a Disability.
George H. Gray.

 

Buy Now
 

 

Estate Planning and Administration: A Simple Guide for New Yorkers. George H. Gray

 


Buy Now

 

Upcoming Seminars

Planning for the Future Webinar Series

In 2016, George Gray presented a 3-Part webinar series on Planning for the Future. It was made possible through collaboration with Starbridge, a Rochester, NY social services organization. Contact George Gray to learn more about these webinars. Contact Us

Part 1:  Guardianship
October 6, 2016.  12:00 pm - 1:30 pm
Learn More

Part 2:  Power of Attorney
October 20, 2016.  12:00 pm - 1:30 pm
Learn More

Part 3:  ABLE Accounts
November 3, 2016.  12:00 pm - 1:30 pm
Learn More


Contact Us

625 Panorama Trail
Building One, Suite 240
Rochester, NY 14625

tel: (585) 218-8620
fax: (585) 218-8600

 

 

Connect with Gray & Feldman on LinkedInFollow GFR on Instagram Connect with Gray & Feldman on Facebook