The following case study highlights the benefits of using a Revocable Living Trust where the chosen beneficiaries are other than the natural objects of one’s bounty. This case showed why a living trust may be better when someone wants to cut out a child or other close relative from one’s estate. The client had no […]
Knowing the basic terminology in any new area of study is a key to understanding the topic as a whole. This is particularly true with estate planning and trusts where unfamiliar terminology abounds. This post will specifically go through some of the more common nomenclature surrounding trusts and trust planning. What is a trust is […]
One questions that clients often ask is whether having a trust will impact the client’s taxes. Obviously, with the tax law being what it is, this is not necessarily an easy question to address in a short blog post. Nevertheless, there are certain principals that can help establish the lay of the land and give […]
James Yastion, Esq., a New Paltz trusts and estates lawyer with over 16 years of experience in the field, will delve into the pros and cons of trusts versus wills, Medicaid Asset Protection Trusts for Medicaid and nursing home planning, Revocable Living Trusts to avoid probate, and family trusts to protect your children’s or grandchildren’s […]
The Supreme Court’s recent decision in United States v. Windsor, 570 U.S. ____ (2013) (Docket No. 12-307) has far reaching impacts on estate planning for same-sex couples in the United States. As a result, now more than ever, there is a need for careful estate planning for same-sex married couples. In United States v. Windsor, […]