In a case before Surrogate Melinda Malaze-Gonzalez, who sits in Bronx County New York, a son who was co-administrator of an estate asked the court to remove letters of administration issued to his sister, the decedent's daughter. It should be noted the co-administrators were the brother and sister and the sole beneficiaries of the estate. The … [Read more...]
Trusts Explained
Trusts are sophisticated estate planning vehicles. They are established to provide a variety of different schemes. Trusts are usually more complicated estate planning documents then simple wills. The Grantor The person setting up a trust is referred to either as the grantor or settler. The grantor appoints individuals to be trustees and successor … [Read more...]