Assets That Can and Cannot Go into Revocable Trusts Hearing the term trust or trust fund, do you instantly make a connection with something you might have come across in a movie or TV show where a trust fund billionaire shows off the things they can do because they are rich? Believe it or not,…
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Can an Irrevocable Trust Save Me Excess Taxes? An irrevocable trust can have many benefits, including saving you the excess tax on your hard-gained property. Most of us earn our living with the sweat and blood of our labor, and it hurts to pay excess taxes when transferring ownership of our life’s estate to our…
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Revocable Trust for Minor Children If you have kids around your house, you know how sweet life is around them. Their laughter and innocence brightens your day, and their love gives you a reason to be joyful. Children always offer a fresher perspective on life by looking at the world with their innocent eyes—often imparting…
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Setting Up Trust Funds – A Look into the Differences between Revocable and Irrevocable Trusts Estate planning lawyers in New York have been preaching the importance of what they do for a long time. Among their informative education about estate planning is the topic of trust.Trusts or rather trust funds are a term most people…
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The Tough Part of Business: Estate Planning Tips NYC Estate Planning Tips If you are an entrepreneur, you have probably set up your business with your own sweat and blood. You worked hard through the years to improve your brand and make it credible for target audiences. Now, as you stand on the precipice of…
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How does One Transfer Real Estate into a Trust? The nature of life itself is such that there are things that can make your brain hurt. Take the example of a Japanese puzzle box. These tiny boxes made of pliable wood, worked to perfection, are beautiful to look at. However, in order to get to…
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Incapacity Planning: The Concept and Required Documents Estate planning in Staten Island is, undoubtedly, a tool enabling you to make serious life decisions. It allows you to look after the people you hold dear even when you’re not here. As grim as it may sound, it’s a task that needs to be checked off from…
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Funding Your Trust – What Is It And How To Do It? Simple life decisions such as ordering food and choosing an outfit for an event are one and done decisions. You make the purchase and then consume the product in whatever capacity. You don’t necessarily have to go back and make changes/additions to keep…
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Geographical Boundaries: Estate Planning for Property in Multiple States Just a couple of hundred years ago, most people lived and died in the same town. They met few people, made fewer friends, and couldn’t imagine a world beyond the borders of their hometown. Today, you would feel suffocated if you stayed in the same place…
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Getting Your Affairs in Order – Finding the Right Estate Planning Lawyer in NYC You run into tons of law practices at every corner of New York City, but is there a way of separating the competent from the incompetent? It turns out that there is! If you are looking for estate planning in NYC,…
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