Moving Forward: Modernizing and Consolidating N.Y. Trust Law

, New York Law Journal

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Joseph T. La Ferlita, counsel at Farrell Fritz, writes: Practitioners think that New York trust law, which traditionally has been among the most developed and respected in the nation, now all too often frustrates a settlor's intent, often forcing the trustee and beneficiaries to deal with problems, or incur expenses, that otherwise could have been avoided. Fortunately, New York now finds itself in the midst of a once-in-a-generation opportunity to systematically review, modernize, and consolidate its trust law.

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