Why a Will-Based Estate Plan is Your Best Bet in New York for 2025
Understanding Will-Centered Estate Plans A will-centered estate plan revolves around a last will and testament,a legal document that specifies the distribution of your assets posthumously. In New York, this approach involves probate, where the Surrogate’s Court supervises asset allocation. It is generally more straightforward and cost-effective than trust-based plans, which manage assets during one’s lifetime […]
Wills and Trusts NYC
Wills vs. Trusts in NYC: Choosing the Right Estate Plan for You Regarding estate planning in New York City, a fundamental decision arises: Will a Last Will and Testament suffice, or is a Trust a more appropriate tool to achieve your goals? Indeed, wills and trusts represent the two primary cornerstones of estate planning. However, […]