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Living Trusts for Unmarried Couples in New York - Davies Law Firm
From Davies Law Firm - Living Trusts for Unmarried Couples in New York looks at why unmarried couples in New York do not receive the same automatic inheritance rights as married spouses and how a properly funded living trust can direct assets to a partner outside probate. Under EPTL, New York's intestacy statute distributes an estate among a surviving spouse and certain relatives, leaving an unmarried partner outside that statutory order. The discussion also covers how beneficiary designations, powers of attorney, health care proxies, and property titling fit alongside a trust to form a…
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