.png)
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 who then distributes them to your selected beneficiaries upon the death of the trust creator. A properly settled and funded living trust avoids probate, the court supervised process of distributing a deceased person's estate which can be lengthy and costly, protects your privacy because a trust does not become part of the public record, and allows a successor trustee to seamlessly manage your affairs without court intervention in the event that you are incapacitated. You may retain control over all assets placed into a living trust because you may alter or revoke all or any part of it during your lifetime.
top of page
Search
Recent Posts
See AllThere are two regimes that work independently and together to allocate shares of a decedent's intestate estate. The per capita regime...
290
In New York, courts generally enforce prenuptial agreements, so long as both parties have entered into the contract voluntarily, without...
130
A Prenuptial Agreement (or “prenup”) is a contract between between a couple before they marry. In New York, a prenup is only valid if it...
80
bottom of page
Comments