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Revocable vs. Irrevocable Trusts in New York: Which Is Right for You? - Davies Law Firm
From Davies Law Firm - Revocable vs. Irrevocable Trusts in New York: Which Is Right for You? explores how individuals and families in New York can navigate the decision between a revocable living trust and an irrevocable trust and what factors matter in that choice.
In the first part of the podcast we dive into the roles of the trustor, trustee and beneficiary, explaining how every trust—whether revocable or irrevocable—relies on those three parties. We’ll introduce what a revocable living trust is, how under the Estates, Powers and Trusts Law (EPTL) of New York it must clearly state it’s…
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