Category Archives: Trustee Duties

Executor and Trustee Compensation: Guidelines in New York

Executor and Trustee Compensation: Guidelines in New York

When individuals are named executors or trustees in New York, they take on significant responsibilities and fiduciary duties. Understanding the guidelines for compensation is crucial, as it not only ensures that executors and trustees are fairly remunerated for their efforts but also maintains transparency and trust among beneficiaries. The legal framework governing these compensations in […]

Revocable vs. Irrevocable Trusts: Pros and Cons in Orchard Park, New York

Revocable vs. Irrevocable Trusts Pros and Cons in Orchard Park New York

In Orchard Park, New York, individuals and families often turn to estate planning to secure their financial future and ensure the well-being of their loved ones. One crucial aspect of estate planning involves the establishment of trusts, which can be either revocable or irrevocable. Cole, Sorrentino, Hurley, Hewner & Gambino, P.C., a trusted law firm […]