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COVID-19 Crisis Highlights Need For Revocable Lifetime Trusts

By Gary A. Phillips & David J. Choyne on March 31, 2020
Posted in Estate Planning

In New York and New Jersey, Revocable Trusts, also known as Living Trusts, have started to be used with greater frequency in estate planning.  In a typical Revocable Trust, the creator of the trust (ie, the grantor) is also the sole beneficiary and sole trustee during his or her lifetime.  This structure allows the grantor…

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