C. Raymond Radigan and Jennifer F. Hillman Now, More Than Ever, New York Needs a Directed Trust Statute
While the creation of trusts may have significant tax savings, many clients remain concerned about giving up control to one trustee. Directed trusts have become increasingly popular with clients for precisely this reason. In this edition of their Trusts and Estates Law column, C. Raymond Radigan and Jennifer F. Hillman discuss this type of trust and analyze the current state of the law in New York pertaining to it.
April 30, 2021 at 12:15 PM
8 minute read
In estate planning, this year has been one of uncertainty as we all wait to see if there will be the anticipated changes to income and estate tax rates. In this climate, practitioners have utilized some creative solutions, which also provide flexibility in the face of uncertainty.
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