NYC Beginners Guide to Trusts

NYC Beginners Guide to Trusts

This guide will help beginners in NYC understand what a trust is, how it differs from a will, and whether you should have one as part of your estate plan. What is a trust? A trust is a contract. It is a legal document that creates a relationship between the creator...
Can irrevocable grantor trusts be modified?

Can irrevocable grantor trusts be modified?

Many New York residents who have looked into estate planning are familiar with revocable trusts. These trusts are often favored because they can be changed during the lifetime of the grantor, unlike an irrevocable trust, which cannot be easily changed once executed....