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What Long Island Residents Should Know About Irrevocable Trusts - Seth Schlessel
From Schlessel Law PLLC - In this episode, we discuss the key points from the article "What Long Island Residents Should Know About Irrevocable Trusts." We delve into the importance of irrevocable trusts in estate planning and how they can help protect assets from lawsuits, judgments, and government agencies. We also explain the role of a trustee in managing the assets on behalf of the beneficiaries, ensuring that they are well-protected and properly administered.We explore the different types of irrevocable trusts available in New York, including the irrevocable living trust and the…
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