Trusts & Estate Planning — New York State https://trustworthytrusts.com/ New York State trusts & estate planning by Morgan Legal Group Fri, 19 Jun 2026 02:20:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://trustworthytrusts.com/wp-content/uploads/2024/05/Legal-Network-Logo-150x150.png Trusts & Estate Planning — New York State https://trustworthytrusts.com/ 32 32 What Is a Special Needs Trust in New York? (EPTL 7-1.12) https://trustworthytrusts.com/what-is-a-special-needs-trust-in-new-york/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.com/what-is-a-special-needs-trust-in-new-york/ 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 […]

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]]> Revocable vs. Irrevocable Trust in New York: Which Do You Need? https://trustworthytrusts.com/revocable-vs-irrevocable-trust-in-new-york/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.com/revocable-vs-irrevocable-trust-in-new-york/ 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 […]

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]]> Protecting Your Assets With a Trust in New York https://trustworthytrusts.com/protecting-your-assets-with-a-trust-in-new-york/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.com/protecting-your-assets-with-a-trust-in-new-york/ 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 […]

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]]> Irrevocable Trusts and the Medicaid 5-Year Look-Back in NY https://trustworthytrusts.com/irrevocable-trusts-and-the-medicaid-look-back-in-ny/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.com/irrevocable-trusts-and-the-medicaid-look-back-in-ny/ 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 […]

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]]> How to Fund a Trust in New York (and Why It Matters) https://trustworthytrusts.com/how-to-fund-a-trust-in-new-york/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.com/how-to-fund-a-trust-in-new-york/ 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 […]

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]]> Does a Living Trust Avoid Probate in New York? https://trustworthytrusts.com/does-a-living-trust-avoid-probate-in-new-york/ Fri, 19 Jun 2026 02:20:37 +0000 https://trustworthytrusts.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 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 […]

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]]> QDOT Trust for Non-Citizen Spouses in New York https://trustworthytrusts.com/the-qdot-trust-for-non-citizen-spouses-in-new-york/ Sat, 11 Apr 2026 21:10:00 +0000 https://trustworthytrusts.com/the-qdot-trust-for-non-citizen-spouses-in-new-york/ A New York guide to the QDOT trust for non-citizen spouses — why the marital deduction fails, how to fix it, and the exact next steps to take.

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