Being a parent is one of the most rewarding and challenging tasks there is. You want to secure your child's long-term care and financial security no matter what the future holds for your family. However, this task takes a whole new level of complexity when your child...
Selecting the right trustee is crucial when setting up a trust in New York. This person or entity must manage your assets and carry out your wishes. A trustee's role is complex and requires careful consideration. Understanding the qualities of an effective trustee can...
Just because you have a trust fund does not mean that you have to agree with everything that your trustee does, approves or denies. Indeed, during the New York trust administration process, beneficiaries possess the lawful authority to bring a lawsuit against a...
A trust is an estate planning tool that – among many other things --can give you peace of mind that your wishes will be carried out. There are several items that must be included in the trust. Trust elements First, the document should clearly state the purpose of the...
The probate litigation process can be long, time-consuming, expensive and very public. Sometimes it can lead to contentious litigation that can rip apart families. In New York, depending on your estate planning goals, you very well could avoid probate entirely with a...
A special needs trust can be a great way to ensure that your loved one receives financial support from you without negatively impacting their ability to qualify for key government programs like Medicaid. This can be crucial if your loved one has extensive needs, as...
Modern estate planning uses several different legal devices for accomplishing the intentions of the person making the estate plan. One of the most useful and effective devices is a trust. The general idea of a trust The creation of a trust is fairly simple. The owner...
As parents raise children with special needs in New York, their roles as parents are different than toe roles of parents of other children. Not only may theyrequire extra parental duties when their children are young, but those parental responsibilities may continue...
Through a will, trust, and other estate documents, you help assure that your assets are properly allocated, and your family’s needs are addressed death or incapacity. But it is also important to assure the well-being of our pets who are such an important and beloved...
Many New Yorkers have probably heard that one of the advantages of using a trust as an estate planning device is that it avoids probate. This is true in that property which pass through a trust are not subject to a court-approved process. A trust also continues to...