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Does a revocable trust avoid probate in NY?

A revocable trust can help avoid probate for assets that have been properly transferred into the trust during the grantors lifetime.

How do you terminate an irrevocable trust in NY?

To revoke a trust created under New York law, Section 7-1.9(a) of the Estates, Powers Trusts Law (EPTL) simply requires the written consent of the Trustmaker and all the trust beneficiaries. Once the trust is revoked, the trust assets can be returned to the Trustmaker, effectively undoing the property transfers.

What is a revocation of living trust?

If you created an individual living trust, you can revoke it at any time. Either grantor can revoke a shared trust, wiping out all terms of the trust. The trust property is returned to each person ing to how they owned it before transferring it to the trust.