Trusts & Estate Planning — New York State https://trustswillsandestateplanning.com/ New York State trusts & estate planning by Morgan Legal Group Fri, 19 Jun 2026 02:18:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://trustswillsandestateplanning.com/wp-content/uploads/2024/05/Legal-Network-Logo-150x150.png Trusts & Estate Planning — New York State https://trustswillsandestateplanning.com/ 32 32 What Is a Special Needs Trust in New York? (EPTL 7-1.12) https://trustswillsandestateplanning.com/what-is-a-special-needs-trust-in-new-york/ Fri, 19 Jun 2026 02:18:26 +0000 https://trustswillsandestateplanning.com/what-is-a-special-needs-trust-in-new-york/ A Special Needs Trust (SNT) in New York is a legal arrangement, authorized by EPTL 7-1.12, that holds money and property for the benefit of a person with a disability without disqualifying that person from means-tested government benefits such as Medicaid and Supplemental Security Income (SSI). In plain terms: instead of leaving an inheritance directly […]

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]]> Trust vs. Will in New York: The Key Differences https://trustswillsandestateplanning.com/trust-vs-will-in-new-york/ Fri, 19 Jun 2026 02:18:26 +0000 https://trustswillsandestateplanning.com/trust-vs-will-in-new-york/ The short answer: in New York, a will is a public document that takes effect only at death and must be validated through probate in the Surrogate’s Court, while a trust is a private arrangement that can take effect during your lifetime and, when funded correctly, lets your assets pass to your beneficiaries without probate […]

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]]> Irrevocable Trusts and the Medicaid 5-Year Look-Back in NY https://trustswillsandestateplanning.com/irrevocable-trusts-and-the-medicaid-look-back-in-ny/ Fri, 19 Jun 2026 02:18:25 +0000 https://trustswillsandestateplanning.com/irrevocable-trusts-and-the-medicaid-look-back-in-ny/ An irrevocable trust can protect your home and savings from nursing-home costs in New York — but only if it is funded at least five years before you apply for institutional (nursing-home) Medicaid. That five-year window is the “look-back,” and it is the single most important number in Medicaid planning. When you transfer assets into […]

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]]> How to Fund a Trust in New York (and Why It Matters) https://trustswillsandestateplanning.com/how-to-fund-a-trust-in-new-york/ Fri, 19 Jun 2026 02:18:25 +0000 https://trustswillsandestateplanning.com/how-to-fund-a-trust-in-new-york/ To fund a trust in New York, you legally transfer ownership of your assets — your home, bank and brokerage accounts, business interests, and certain beneficiary designations — out of your individual name and into the name of the trust. This step is what makes the trust work: a trust only controls and protects the […]

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]]> How to Choose a Trustee for Your New York Trust https://trustswillsandestateplanning.com/how-to-choose-a-trustee-in-new-york/ Fri, 19 Jun 2026 02:18:25 +0000 https://trustswillsandestateplanning.com/how-to-choose-a-trustee-in-new-york/ To choose a trustee for your New York trust, evaluate three things in order: the candidate’s trustworthiness and judgment, their availability over the full life of the trust, and their ability to handle the fiduciary duties New York law imposes — the prudent-investor standard, the duty of loyalty, and the duty to account to beneficiaries. […]

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]]> Does a Living Trust Avoid Probate in New York? https://trustswillsandestateplanning.com/does-a-living-trust-avoid-probate-in-new-york/ Fri, 19 Jun 2026 02:18:25 +0000 https://trustswillsandestateplanning.com/does-a-living-trust-avoid-probate-in-new-york/ Yes. A properly drafted and fully funded revocable living trust avoids probate in New York. When you transfer your assets into a living trust during your lifetime, those assets are no longer owned by you as an individual at death — they are owned by the trust. Because there is nothing in your sole name […]

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]]> Trusts for Mixed-Status Families in New York https://trustswillsandestateplanning.com/trusts-for-mixed-status-families-in-new-york/ Thu, 04 Jun 2026 09:18:00 +0000 https://trustswillsandestateplanning.com/trusts-for-mixed-status-families-in-new-york/ How mixed-status immigrant families in New York use trusts, QDOTs, and the right specialists to protect assets across state estate law and federal immigration law.

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