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A special needs trust (SNT) — also called a supplemental needs trust — is a New York trust that holds assets for the benefit of a person with disabilities without disqualifying that person from means-tested government benefits like Medicaid and Supplemental Security Income (SSI). It is authorized by EPTL § 7-1.12, the section of New York’s Estates, Powers and Trusts

If you want to keep full control of your assets, avoid probate, and plan for incapacity, you need a revocable living trust. If your priority is reducing New York estate tax, protecting assets from creditors, or qualifying for Medicaid, you need an irrevocable trust. That is the short answer. The longer answer is that the “right” trust depends entirely on

You protect your assets with a trust in New York by choosing the right type of trust for your goal, transferring (or “funding”) the correct assets into it, and naming a trustee who is bound by fiduciary duties to manage those assets for your beneficiaries. A revocable living trust lets you keep full control while avoiding probate and planning for

An irrevocable trust is the central tool New York families use to protect a home and savings from long-term care costs — but it only works if it is funded well before you need care, because of the Medicaid five-year look-back. When you transfer assets into a properly drafted irrevocable trust, those assets generally stop counting as yours for Medicaid

To fund a trust in New York, you retitle your assets — bank and brokerage accounts, real estate, business interests, and certain beneficiary designations — into the name of the trust so the trustee legally controls them. Signing the trust document is only step one; until you actually transfer assets into it, the trust is an empty container, and the

Yes. A properly drafted and fully funded revocable living trust avoids probate in New York. When you transfer assets into a living trust during your lifetime, those assets are owned by the trust — not by you individually — so at your death there is nothing for the Surrogate’s Court to administer. The trustee simply follows your instructions and distributes