Over the past several years, the budget axe has fallen upon our Surrogate’s courts. The loss of personnel has resulted in huge backlogs in clerks’ offices. A simple application for Letters of Administration may literally take months during which time it may be impossible to insure property of the estate. An application to sell the
Decanting A Trust –Sometimes An Irrevocable Trust Is Irrevocable And Sometimes It Isn’t
By Philip Bernstein on
Posted in Legal Info, LEGAL INFORMATION, Legal Services
Michael Petro’s article in the Buffalo Law Journal is an interesting piece about a relatively new provision of the law which permits us to end an “irrevocable” trust. It’s easy to decant a fine wine but not always so with an irrevocable trust.
Before the law was changed in 2011, ” irrevocable” meant just that.…