Articles

Creating a living trust after remarriage can allow you to provide for a current spouse while setting separate terms for children from a prior marriage. In New York, the plan has to account for spousal...

A joint living trust is a single revocable trust created by both spouses as co-trustors, who manage their shared property together as co-trustees. When properly funded during life, it allows real estate and financial accounts...

Unmarried couples in New York do not receive the same automatic inheritance rights as married spouses. A properly funded living trust can direct trust assets to a partner outside probate. Beneficiary designations, powers of attorney,...

A trust document purchased or downloaded online is not automatically invalid in New York, but failing to meet New York execution requirements or complete required funding steps creates legal or practical risks. Those risks include...

A living trust can include a spendthrift provision and distribution terms that control how and when a beneficiary receives an inheritance. The spendthrift provision limits transfers of the beneficiary’s trust interest, while New York law...

Preserving assets from nursing home costs requires careful Medicaid planning. A revocable living trust allows individuals to retain control and avoid probate but does not exempt assets from nursing home expenses since Medicaid counts those...