A RLT works by allowing you to appoint yourself as the trustee, meaning you control all trust assets while you are able to do so. If you suddenly become incapacitated your successor trustee takes over without the need for court intervention. Control of all your assets can easily and rapidly be shifted using a RLT. Learn more about incapacity planning in this presentation.
Anthony Moccia is an attorney and partner at The Law Offices of Kobrick & Moccia.His practice focuses on estate planning and elder law.He is a member of the New York State and Nassau County Bar Associations.He frequently presents free seminars on wills & living trusts to area residents and his seminars are said to be “informative, entertaining & easy to understand.”
Latest posts by Anthony Moccia (see all)
- “Last Will and Testament” Origin - April 1, 2021
- Do I Need a “Durable” Power of Attorney? - April 2, 2020
- Joint Tenancy Pros and Cons - March 31, 2020
Leave a Reply
You must be logged in to post a comment.