Pet trusts: Caring for your fur babies.Honorary Trusts for Pets is addressed in EPTL Article 7-8.1, which allows for New York pet owners to create a trust fund for their furry...
What is a Charitable Lead Trust (CLT)?A CLT is a type of split interest trust where a charity has the initial interest in CLT property while the remaining property is either...
What is a Charitable Remainder Trust (CRT)?A charitable remainder trust (CRT) is a split interest trust where during a specified initial period of time, one or multiple individuals...
What is the purpose and benefit of having a Supplemental Needs Trust?A Supplemental Needs Trust (SNT), also known as a Special Needs Trust, is designed to manage assets and provide for the financial needs...
What Is A Bypass Trust? A married couple may use a bypass trust to protect their assets and to preserve the federal and state estate tax exemptions. Upon the...
What are the benefits of having a QTIP trust?There are two main benefits of having a QTIP trust. First, a QTIP trust pr5 & 5 ovides tax flexibility for your Executor. In some...