One of your biggest concerns as a parent is ensuring your child's financial security, especially when you're no longer around. Setting up a life insurance trust for your child can provide financial security and protect their future. A life insurance policy on its own...
Have you ever considered how to protect your assets and ensure their distribution is according to your wishes after you pass? A revocable trust might be the solution you are looking for. This powerful estate planning tool offers numerous benefits and flexibility that...
Estate planning involves many important decisions, including choosing a trustee to manage a trust’s assets. You might assume that once a trustee assumes their role, the trust will succeed. Unfortunately, things do not always work out, and you may find yourself needing...
In estate planning, a trust can be a powerful tool for those who want to protect their assets. In addition, having a trust can allow the grantor to ensure the fulfillment of their wishes after they pass away. But with so much misinformation circulating, it is no...
Setting your estate plan up so that it accurately reflects your wishes is critical. Many people don’t realize that you don’t have to be wealthy to need an estate plan. Ideally, all adults will have a plan in place. Trusts are one of the options that you have for...
Special needs trusts (SNTs) are important tools for individuals with disabilities who need to maintain eligibility for government benefits while still having access to funds to supplement their needs and enhance their quality of life. They provide a mechanism for...
Helping others is the most noble and satisfying thing one can do. It not only brings happiness to those in need but also gives the helper a sense of purpose and fulfillment. If you feel philanthropic in New York, it's only right to ensure you know the best ways to...
While a last will and testament might be the most common way people transfer assets to family members and other beneficiaries after their death, another option exists. Estate planning in New York may involve setting up a trust, which can allow certain assets to...
A trust may be a powerful estate planning tool if you are hoping to avoid probate and retain control of your assets. When structured properly, it may prevent beneficiaries from squandering their inheritances or using funds in a manner that you don't agree with....
Trusts are an essential estate planning tool in New York and around the country. They can provide benefits such as tax savings, asset protection and significant flexibility in managing your finances after you die or become incapacitated. As you consider different...