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Category Archives: Trusts

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What Are the Different Types of Trusts in New York?

By Meyer & Spencer, P.C. |

When you are planning to develop an estate plan with an estate planning attorney, you may be considering the benefits of establishing a trust. There are many different reasons to create a trust, but it is important to understand that there are distinct types of trusts that have different parameters and purposes. Your estate… 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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