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What Is a Revocable Living Trust in New York?

person holding Revocable Living Trust document over folder on kitchen table

Your Guide to a Revocable Living Trust in New York Key Takeaways: A revocable living trust is a legal arrangement created during your lifetime that allows assets to pass to beneficiaries without probate. Under New York’s Estates, Powers and Trusts Law (EPTL), these trusts must be in writing and executed with specific formalities. Under EPTL […]