Trusts: Going beyond a will

A will may be the estate planning document that most New York residents are familiar with, but a living trust can also be beneficial in certain circumstances. A trust functions in much the same was as a will because it tells how your assets are to be divided, but it...

What is the cy-pres doctrine?

The cy-pres doctrine is employed when the original charitable purpose of a charitable trust is no longer possible to carry out. Because charitable trusts can continue on into perpetuity, it is not uncommon for trusts to outgrow or outlive their original purposes. When...