When most people consider how they will pass on their assets to heirs, they first think of naming beneficiaries in a will. While this is a common way of ensuring a thorough asset distribution, estate holders may also want to consider setting up trusts. Wills are...

New York residents who do not have an estate plan may want to create one because it can take some of the burden off their loved ones. One of the main elements of an estate plan is a will. With a will, testators can name who they want their assets distributed to as...

A trust is one of the many estate planning tools New York residents can use to ensure that their assets are handled according to their wishes. While not every type of trust is appropriate for every person, the revocable living trust is a common one and may be used for...

Choosing who will fulfill various roles in an estate plan is important, but it may also be a difficult part as well. New York residents may be postponing the creation of an estate plan because they cannot decide who to appoint as executor under their will or for other...