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What Happens to a Living Trust After Death? - Davies Law Firm
From Davies Law Firm - What Happens to a Living Trust After Death? explains what occurs when the trustor of a properly funded revocable living trust dies and a successor trustee assumes responsibility for administering the trust. Syracuse estate planning attorneys Frederick P. Davies and William P. Davies discuss how New York law affects living trusts, including the Estates, Powers and Trusts Law (EPTL), Surrogate’s Court, probate, fiduciary duties, trust assets, beneficiaries, debts, final expenses, and the transition of a revocable living trust into an irrevocable trust.
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