In In re Estate of Moore, a decedent executed a will that provided that the residuary of his estate would be held in trust for his mother, and such trust would terminate on her death with the assets ...

A testamentary trust helps with overall wealth management by protecting the testator’s assets after their death. This type of trust can be used to name minors as beneficiaries of the testator’s estate ...

The stretch IRA was a popular tool for extending the benefits of a tax-deferred account to a non-spouse beneficiary. The goal was to minimize the tax impact of the required minimum distributions (RMDs ...

The federal government’s recent announcement that it is interested in reviewing the tax treatment of testamentary trusts could have significant consequences for estate planning, tax experts say, and ...

Q: I created a trust for my grandchildren in my will. When I tried to change the beneficiary of my life insurance policy to the trust, the life insurance company insisted that I provide a copy of the ...

One of the biggest myths and misconceptions of estate planning is that a will controls the disposition of all one’s assets at death. This is not the case. Failing to distinguish the difference between ...

When a spouse exercises his or her right to elect against a decedent's will pursuant to EPTL 5-1.1-A, there is, in effect, an alteration to the decedent's testamentary intent as expressed in that will ...

Estate planning varies by individual. Wills are public, slow, and only control assets in your name, while revocable trusts ...

When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

Every couple of weeks, I get a call someone who has lost a parent and has been appointed executor of the estate. They explain to me that one of the estate beneficiaries — typically a sibling — ...