There are many different types of trusts. A trust may be created as part of the terms of a Last Will and Testament. Such a trust is known as a testamentary trust. In these cases, the testator incorporates the trust terms into the dispositive provision in a Will. For example,…
Articles Posted in Trusts
New York Revocable Trust Provisions Must Be Followed
Estate Litigation in New York can arise in connection with many different issues. The Surrogate’s Court is a forum in which matters concerning decedents’ Wills and Trusts are typically dealt with. The New York Probate Lawyer Blog has discussed in many posts the various documents that comprise a persons estate…
New York Trusts Can Create Controversy
New York Estate Planning can take many forms. One aspect of a plan can involve the creation and use of a trust. There are a number of different types of trusts and benefits that may be obtained from their utilization. For instance, a Testamentary Trust is created by a Last…
New York Wills May Contain Trusts That Require a Trustee’s Use of Discretionary Powers
New York Estate Planning can involve many different issues and considerations. The New York Probate Lawyer Blog contains many posts discussing the need for Estate Planning papers such as a Last Will, Living Will, Health Care Proxy and Living Trust. Each of these documents should be prepared so that it…
New York Wills and Trusts May Be Modified to Reflect the Creator’s Intent
The New York Probate Lawyer Blog has had many posts discussing the importance of a person’s intent as reflected in their Estate Planning and Advance Directive documents. A primary purpose of preparing and executing a Last Will, Living Trust, Power of Attorney, Health Care Proxy or Living Will is to…
A New York Power of Attorney Can Be Used to Amend a Trust
New York Estate Lawyers assist their clients with many types of estate planning documents such as Last Wills, Living Wills, Health Care Proxy’s, Living Trusts and Powers of Attorney. All of these papers are generally created to work together so that a person’s estate plan and lifetime directives are clear…
Choosing a Trustee For Your New York City Trust
Those seeking to set up a trust in New York have many more options than their nationwide peers when it comes to choosing a trustee. New York offers a unique and varied concentration of financial service institutions that is unlike anywhere else in the world. However, your trustee need not…