Category Archives: Trusts
Do I Need a Pour-Over Will If I Have a New York Living Trust?
A revocable living trust allows you to transfer assets to family members and other beneficiaries outside of the normal New York probate process. This is because assets placed in trust during your lifetime are not considered part of your probate estate, i.e., the property that passes under your will. That said, even if you… Read More »
Why Would I Create a New York Revocable Living Trust?
Many Brooklyn residents choose to create a revocable living trust as part of their overall estate plan. You might assume that trusts are only something that wealthy people do to “hide” their assets. But the reality is that trusts can offer anyone a flexible means of managing and disposing of their property both during… Read More »