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...
Estate planning can be complicated. Often, New York residents wish to leave assets to their loved ones, such as family members and close friends. They may choose to pass property onto organizations or even charities. When a person wishes to create a charitable trust,...
You want to take care of your loved one, ensuring their financial needs are met for years to come. You have the assets necessary to accomplish your goal but you’re concerned about turning them over wholesale to your intended beneficiary. Perhaps it’s time to consider...
A lot of New Yorkers are daunted by the estate planning process. It’s not only difficult to think about your own mortality, but it’s also hard to think about how best to leave assets to your loved ones, especially if you’re unfamiliar with estate planning options and...
New York residents have plenty of options when it comes to estate planning. In fact, the wide variety of options is oftentimes the reason that many people put off estate planning for so long – they simply do not know which options to choose. However, a little...