Parents in New York may have many issues to consider when creating an estate plan. If they intend to leave money to their children, it is important to think about when they should be able to access that money. Individuals have the option of making distributions from a...

Trusts can be an effective estate planning tool for New York residents. However, they may not always be needed. Furthermore, a trust could be constructed in a way that doesn't meet a person's needs. For instance, making a gift could reduce the amount of a person's...

People in New York often rely on trusts for the flexibility and control they provide during the estate planning process. In addition to the detailed vision for the future of a person's assets that trusts provide, they also enable people and their loved ones to avoid...

Some people in New York who are creating an estate plan and have relatives with special needs might wonder whether a special needs trust might be an appropriate way to provide for those individuals. A trust is an estate planning vehicle that generally involves three...

Trust planning professionals in New York and throughout the country should be aware that interest rates are likely to rise in the short-term. It is also likely that the past decade of low interest rates is set to gradually come to an end. Therefore, it is a good idea...