Consider a Trust for Beneficiaries with Special Needs
Estate planning is a daunting challenge in families. It is even harder for families of a loved one with a disability. Arranging for a trust, trustee and trustee bond may be useful—and reassuring. Start With…
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What You Need to Know About New York Surrogate’s Court Bonds
Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the…
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Long Island Courts Begin Phased-in Opening Process
On Tuesday, May 26, courts across Long Island resumed operations for the first time since the COVID-19 shutdown. Starting on Wednesday, May 27th, counties like Dutchess, Putnam, Rockland, Orange, and Westchester enacted a gradual phased-in…
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What is a Court Bond and How Do You Get One?
Court bonds are surety bonds required to pursue an action in a court of law. The term “court bond” is actually an umbrella term encompassing a multitude of different bonds found in the court system….
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Who Starts a Trust
A trust settlor, also known as a grantor, trustor, trust maker, or creator, is the person who creates the trust. When making a trust, they establish which property of theirs they will grant to the…
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Trusts Can Benefit Special Needs Children in New Jersey
Most people are aware of trusts as devices that hold assets or funds for the benefit of children of wealthy people. But a trust in New Jersey can benefit a special needs child as well! Once…
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Estate Executors vs. Trustees
A deceased person’s estate may have an executor and a trustee, but the two of them serve different purposes even if they can often be appointed at the same time. What are the differences between the two…
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Set Up Trusts to Ensure Finances Are Used How You Would Like
Setting up a last will and testament directs where and to whom your money goes, but it does not detail how exactly your assets are to be used overall. Estate executors may then determine what…
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Powers of California Trustees
In California, if you are named a trustee, you have the power to collect, hold, and retain trust property until the trust property should be disposed of according to the judgment of the trustee. Even…
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