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.
Saul Kobrick
Saul Kobrick is an attorney licensed to practice law in the State of New York and the Founding Partner of The Law Offices of Kobrick & Moccia. Mr. Kobrick is licensed to practice law in all courts of New York State, as well as in the Federal District Courts for the Southern and Eastern Districts of New York. He is a member of the New York State, and Nassau County Bar Associations as well as a member of the American Academy Estate Planning Attorneys. Mr. Kobrick is also a member of the National Academy of Elder Law Attorneys.
Latest posts by Saul Kobrick (see all)
- Durable Power of Attorney and Elder Care Considerations - February 28, 2019
- When Is Probate Not Necessary in New York? - February 26, 2019
- Proposed Regulations Address “Clawback” Issue - February 21, 2019
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