You moved out of New York, but you left your Trust behind: Tax and Administrative Implications of New York Resident and Non-Resident Trusts
Trusts in General Trusts are utilized by individuals to efficiently transfer their assets to their loved ones, while minimizing estate tax implications. Establishing a properly drafted trust can shield the trust’s property from being included in the settlor’s gross estate for estate tax purposes, ensuring the assets are distributed as per the settlor’s wishes and […]
