Living Trust – What you Need To Know
For most people, a Last Will and Testament is the first choice for passing on their assets to their heirs. But it’s not the only […]
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Estate Planning
Duties of a Guardian under MHL Article 81
What are the Duties of a Guardian under Mental Hygiene Law Article 81? What are the duties of a guardian? Consider the following case study:Margaret’s
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Choose an Executor for Your NYC Estate
Janice resides in New York City, has a gross estate of $6,000,000, wants to retain an attorney to draft her Last Will and Testament, and
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Testamentary Trust for Minors vs Living Trust
What is a Testamentary Trust for Minors? A Trust is a contract. It is an arrangement where one person (a trustee) holds property on behalf
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Checklist for Executors
You Have Been Appointed Executor of An Estate in NYC. What do you do now? Here is a basic checklist for executors for settling an
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Preliminary Letters Testamentary
Preliminary Letters Testamentary Authorize Immediate Access to a Decedent’s Estate. Imagine the following: your parent or loved one just died, perhaps as a result of
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Get Paid for Serving as Trustee of a Trust in New York
Do you want to know how to get paid for serving as trustee of a trust in New York? Start by looking at the Trust
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Advantages of a Revocable Trust
What are the Advantages of a Revocable Trust? Is a “Lifetime” or Revocable Trust for You? In certain, but not all, situations, it may make
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Supplemental Needs Trusts
Supplemental Needs Trusts (also known as special needs trusts) are Trusts which allow a beneficiary with a disability to receive inheritances, gifts, lawsuit settlements, or
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How Do I Get a Copy of the Trust?
You recently learned that your parents created a trust. Your sibling is named the Trustee. Although you are not a Trustee, you strongly suspect that
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