Understanding Trusts and Beneficial Interests in New York: A Comprehensive Guide
Introduction to Trusts in New York A trust is a fiduciary arrangement that allows a trustee to hold and manage assets on behalf of one or more beneficiaries. Under New York law, trusts are governed by the Estates, Powers and Trusts Law (EPTL), which sets forth the legal framework for their creation, management, and termination. … Read more