Who Needs a Revocable Trust?

Proper estate planning involves evaluating all the tools available at your disposal. Inevitably, you will need to consider how useful a revocable trust could be

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New York Intestate Succession Laws

Intestate succession can be a thorny subject because the people involved are typically still grieving while trying to sort through a complicated situation. Unfortunately, once

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What Is a Beneficiary?

What is a beneficiary? That is a question you must know the answer to if you are planning your estate. Failing to come up with

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How Does a Trust Work for Inheritance?

Different tools, such as wills, powers of attorney, and trusts, are commonly used for estate planning. However, there is one more estate planning tool, known

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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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