by Richard Campo | Mar 19, 2018 | Wills
Make sure that you have, at a minimum, a provision that permits assets to be managed for the benefit of minors should they inherit under a Will. UTMA or trust provisions are often used. Otherwise, a costly Guardianship in Court may have to be instituted to manage...
by Richard Campo | Mar 12, 2018 | Wills
One easy way to avoid the probate process is to use a Revocable Trust. Among other attributes, they are easy to set up and easy to change. They are private documents in that they generally do not make their way to the public record. A properly drafted Revocable Trust...
by Richard Campo | Mar 6, 2018 | Estates
New Focus on Income Taxes. With the Federal Estate Tax exclusion now $11,200,000.00 per person as a result of the Tax Cuts and Jobs Act and the New York State Basic Exclusion Amount at $5,250,000.00 per person, planning for most families has shifted to income tax...
by Richard Campo | Feb 26, 2018 | Trusts
Inter Vivos Trusts are created during life. Properly drafted, they avoid the probate process. Testamentary trusts on the other hand, by definition, do not avoid probate in that they go through your...
