What is a Totten Trust

What is a Totten Trust

 What is a Totten Trust? A Totten trust is a common testamentary substitute. A testamentary substitute is an instrument that determines the disposition of a decedent’s property on its own, without the need for a will. A Totten Trust (also known as a “Payable on Death Account) is created during the lifetime of a decedent….

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How to contest a will

How to contest a will or a trust? This article will provide a brief overview on how to contest a will or a trust, and whether or not you are able to. This article is for educational purposes only, and is not to be construed as legal advice. If you have any questions feel free…

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Estate Planning Basics

About estate planning, wills and trusts in New York Estate Planning Basics 1.  Will: A legal document that provides for the distribution of your assets upon your death. 2. Codicil: This is a document that supplements one’s current will. 3. Probate: The legal process of proving the validity of a will. This proceeding often takes…

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