New York state law permits the use of a revocable trust. This is a type of trust that is created during the lifetime of the grantor and can be changed or revoked by them at any point during their lifetime. It is possible to transfer real estate into ...

One of the advantages of a living trust is that it simplifies the inheritance process by bypassing probate. Your living trust does not take the place of a will. However, your will should transfer assets into the trust that you did not explicitly ...

A family trust is used to pass assets on to family members or other beneficiaries and may be set up as part of an estate plan. The trust is set up by the settlor – the person who owns the assets. The settlor's assets are then transferred to the ...