Much has been written on New York State’s decanting statute since it was amended in August of 2011. Most of these articles have been geared toward tax planners and discuss the tax advantages and potential pitfalls under the amended statute.…
Parents' desire to control the way their child spends his inheritance is not new, and the resulting complications of this endeavor are evidenced throughout literature and history. A popular Bible story, that of Cain and his brother Abel,…
A Special Needs Trust (SNT) is a trust that is used to manage property for the benefit of a disabled individual. A SNT is a third party created SNTs when it is funded with the assets of a third party for the benefit of a disabled person.