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Monthly Archives: August 2019

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What You Need to Know About Reverse Mortgages in New York

By Meyer & Spencer, P.C. |

Many New York seniors struggle to make ends meet. When Social Security and private pension benefits are not enough to cover daily living expenses, those seniors who own their home may turn to a home equity conversion mortgage (HECM), more commonly known as a “reverse mortgage.” This is a special type of loan available… Read More »

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U.S. Supreme Court: North Carolina May Not Tax New York-Based Trust

By Meyer & Spencer, P.C. |

A trust is a common estate-planning tool where a person–usually known as the grantor or settlor–transfers assets to a trustee. The trustee is then legally obligated to administer the trust property on behalf of one or more beneficiaries named by the settlor in the trust documents. The trust typically also contains language indicating which… Read More »

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