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Effective Transfers to a Trust

In New York, a lifetime trust shall be valid as to any assets that are effectively transferred to the trust. However, a transfer is not accomplished by a simple recital of assignment or a listing of an asset on Schedule A. Matter of Rothwell , 189 Misc. 2d 191, 730 N.Y.S.2d 664 (Sur. Ct. Dutchess...

Have you funded your revocable trust?

What is the difference between a revocable trust that prevents your estate from going through probate, and a revocable trust that's just a stack of papers? The answer: funding your revocable trust . This is an essential step you must take once the ink is dry on your documents. Without proper funding...