Do Trusts Pay Tax?
People set up trusts to preserve their assets and ensure their easy transfer to the designated beneficiaries. For example, you can create a trust in
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The Difference Between Guardianship and Power of Attorney
None of us want to think about our parents becoming incapable of caring for themselves. Sadly, that is a distinct possibility for many families, and
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What Is a Partition Action?
When multiple owners are involved, determining how to manage a particular real estate property can become complicated. Things can get so complex and contentious that
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Asset Protection Planning in Long Island
Ideally, you want the assets you have amassed throughout your life to go to the people you care about the most. To ensure that happens,
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What Makes a Will Legal in New York State?
It is never too early to start estate planning. However, while going through that process, you may ask yourself what makes a will legal. Writing
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How to Set Up a Trust
Setting up a trust allows you to preserve assets you want to pass down to your loved ones. In addition, the trust allows your beneficiaries
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When Is Probate Required in New York State?
The distribution of assets left behind by a deceased relative seems like it should be a relatively straightforward process, but that is not always the
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The Duties and Responsibilities of an Estate Trustee
Setting up a trust is one way to safeguard your assets before you eventually pass them down to your children and/or grandchildren. While setting it
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Why Estate Planning Is Important
Planning for the future is prudent and responsible. If you want to adequately prepare for any unforeseen event, you should start estate planning now. Some
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The Different Types of Power of Attorney
Responsible estate planning should not focus solely on what will happen after you die. Before you even get to that point, you must ensure that
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