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Assignment to Living Trust New York Form

Assignment to Living Trust New York Form

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what are the benefits of revocable living trusts in new york the benefits of revocable living trust make them the cornerstone of new york estate planning and asset management a simple will is often too basic to address sophisticated estate planning asset protection and or probate avoidance revocable trust the basics a trust is an arrangement whereby a grantor transfers legal title of an asset to a trustee who manages the asset pursuant to your instructions let's assume you establish a trust for the benefit of your family if drafted properly you will achieve your planning goals and retain control over the trust here's how one you provide the trust provisions two you're the sole trustee during your lifetime three you select the successor trustee such as your spouse relative friend to manage the assets after you die or while you're incapacitated pursuant to your instructions four you can amend and revoke the trust at any time five you can even be the benefi

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