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Can a Minor Receive Inheritance in New York?

When a person under the age of 18 is set to receive more than $10,000.00 as an inheritance under an estate, the New York Surrogate’s Court requires that a guardian be appointed to protect the minor’s property interest.

December 11, 2025
Leaving Assets to Minors: What You Need to Know

Minors cannot be left assets outright in New York. Minor beneficiaries must inherit in trust. If a minor inherits outright, a guardian must be appointed by the Surrogate's Court.

November 6, 2025
What To Know About Timeshares and Your Estate Plan

A timeshare is an asset, like any other – and if you own one, you should consider implementing an estate plan that considers and protects it.

August 21, 2025
How Blended Families Can Benefit From Trusts

Estate planning is especially challenging for blended families. They must consider how an estate plan will impact the surviving spouse, biological children, and stepchildren.

August 7, 2025
Should You Update Your Estate Plan After Buying Out-of-State Property?

Leaving instructions in your estate planning documents on how a seasonal property will continue to be used and/or owned after your death, can prevent friction amongst family members and ensure your investment can be enjoyed for decades to come.

July 15, 2025
Can You Sell a Home in a Medicaid Trust?

Protecting one’s home in a Medicaid Asset Protection Trust (MAPT) is a common planning tool.

July 1, 2025
What is a Bypass Trust and Do I Need One?

A bypass trust—also known as a credit shelter trust—is a type of trust commonly used in estate tax planning for married couples.

April 23, 2025
Cryptocurrency and Estate Planning: Transferring Your Digital Assets After Death

Crypto is a system of digital tokens that can be used as a currency between individuals in an online marketplace.

April 17, 2025
Does Transferring a Property to an Irrevocable Trust Trigger a Tax Reassessment?

Most municipalities reassess property taxes annually regardless of who or what currently owns a property—a person, a business, a revocable trust, or an irrevocable trust.

March 31, 2025
How Many Trustees Can a Trust Have?

This decision should be based on three main things: 1) the type of trust you are creating, 2) the assets you are putting into the trust, and 3) the dynamics of the family or others involved.

March 7, 2025
Why Every Parent Needs a Will

If you are a parent of a young child, you have probably heard that you should have a will. But do you know why?

January 23, 2025