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Navigating the complexities of Estate Planning, Trust Settlement, Probate Proceedings, Administration Proceedings, and Marital Agreements can be overwhelming, but having the right legal guidance makes all the difference.
What is a Medicaid Asset Protection Trust (MAPT)?
As the cost of long-term care continues to rise, many individuals are concerned about how to protect their life savings while still qualifying for Medicaid. One of the most effective ways to do this is by setting up a Medicaid Asset Protection Trust (MAPT)—a legal tool that serves two essential purposes: protecting your assets during your lifetime and preserving them for your loved ones after your death. How It Works A Medicaid Asset Protection Trust is an irrevocable trust,
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 are Charitable Lead Trusts (CLT) and Charitable Remainder Trusts (CRT)?
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 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 forming a living trust?
A revocable or living trust allows the trust creator to hold assets in the name of the trust which are transferred to a successor trustee...
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...
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