Trusts - Page 2

You know about investment and hard work. You’ve worked your whole life, reinvested the fruits of your labor time and again, and have finally built a comfortable nest egg that will see you through your golden years and beyond. So what’s the next big investment? How about your family? Yes, with the right estate planning ...

If you have worked hard and had some financial success, you may wish to give back by supporting a charitable organization. You may also wish to avoid the high income and estate taxes in New York by donating instead to a beneficial cause you believe in. You can accomplish these goals through a charitable remainder ...

The term “QTIP” is shorthand for qualified-terminable-interest-property trust, a legal vehicle used through which property of one spouse can provide lifetime income to the other, usually after the death of the first spouse, with significant tax advantages. QTIPs make sense for married people of substantial wealth who would otherwise be subject to estate taxes. QTIPs ...

  New Yorkers who get remarried for the second, third or subsequent time should make estate planning a priority. Estate planning can seem like a very daunting task to many people in New York, yet it is an extremely important thing for people to do. One of the reasons that some people choose to avoid ...

As someone who is working on estate planning, one thing you need to get to know is how a trust can help you. Trusts are fantastic for protecting your assets. They prevent your assets from being taken from you due to lawsuits or collections. They also help you distribute your assets upon death in the ...

Many people who have recently started the estate planning process become overwhelmed by all of the options that are available to them. While they are aware that wills are the most traditional method of estate planning, they may have also been informed about the benefits of probate avoidance and how trusts can be used strategically ...

Everyone has that one chore that always falls to the bottom of the to do list. It’s usually cleaning the gutters or washing windows. All too often, people wrongly lump estate planning into the “chore” category, pushing it to the bottom of the priority list. When the time comes to get serious about estate planning, ...

Everyone wants to establish a legacy during their lifetime – whether it’s for their career, their generosity or their ambition. People tend to underestimate how little actions can leave a considerable impact on the world around you. One simple way you can create a strong legacy is by establishing a charitable trust that allows you ...

Many of the baby boomers living here in New York may start to wonder about whether they will need long-term care at some point in the future. If you are one of them, then you may also wonder how to best prepare for the cost of that care. You may know people who make just ...

Trusts can be an extremely effective tool when creating an estate plan that best meets your and your family’s needs. There are numerous kinds of trusts available that all work a little differently. An IRA trust works to stretch out payments made by an Individual Retirement Account to your elected beneficiaries over time. This can ...