Trusts are complex legal vehicles, but they can bring some very simple and profound benefits to your estate and your heirs. One key to getting the most out of a trust is understanding what kind of trust you need. Working with a legal professional to choose a trust and...
As part of your estate, you may want to set up a trust or a savings account for children or grandchildren to go to college. This can be a great way to distribute your earnings, especially if you want to help but you also want to make sure the money is really used the...
Even if a deceased person made you sole heir and beneficiary of his or her trust prior to passing away, it is possible that the trust could be challenged in court. For example, if you had one sibling who was disinherited, that sibling may try to invalidate the trust...
The founder and chairman of Viacom, Sumner Redstone, has released information about the plans he has for his media holding after passes away. Ninety-two-year-old Redstone controls CBS and Viacom. Recent stories featured in the Wall Street Journal and the New York...
Those with disabilities in New York can face many challenges in life, whether the disabilities are mental or physical. Either way, they may need care and support for their entire lives. One way for people to provide this even after they pass away is by setting up a...
Many New Yorkers think that setting up a will is enough for their estate plans. However, these individuals might be able to benefit even more from setting up a trust. Let's discuss some of the most important benefits of using a trust in estate planning. First, trusts...
Estate planning has certainly come a long way over the last 20 years. You can minimize the complexity now for trying to avoid federal estate taxes and it is much simpler because of how it evolved. Some of it can still be a bit complicated, so focusing on that will be...
In 1639, Gardiner's Island in East Hampton, New York, was purchased by an English settler from the Montaukett Indians. The buyer was given the title of the "Lord of the Manor" in a English charter, along with the "right to possess the land forever." Sagtikos Manor is...
When you are in the midst estate planning, one of the activities will probably be setting up a trust of some sort. The attorney team at has a vast knowledge base for different types of trusts and can make the process airtight. If your...
Having an estate plan in place can give you a real sense of peace. Part of that plan can be a trust. A trust can be set up for many reasons. It is a financial vehicle to give or donate money and assets from one person to another person or charity. There are some real...
