The Uniform Transfers to Minors Act (“UTMA”) is an important estate planning tool to consider when a client has children or grandchildren who are minors. Under this statute, property of any kind can be transferred by way of gift, under the terms of a will or trust or by nominating a custodian to receive the property on behalf of the minor.
Celebrating 35 years of successful service to individuals, families, and fiduciaries.
At Breed & Associates, we provide experienced legal, tax, administrative and accounting services to fiduciaries, individuals and families. Over more than three decades, we have managed hundreds of estates and trusts, either directly for clients or as special counsel to other firms. We are unique because we coordinate all the services under one roof, within our firm. We represent purchasers and sellers in real estate transactions, from the drafting of the contract to the closing. We prepare deeds and the documents New York requires to transfer ownership of real property.
At Breed & Associates, we bring extensive experience to individuals who are involved in estate or trust controversies.
If you have been named executor, administrator or personal representative of an estate, you want experienced counsel to help you settle the estate expeditiously through the probate courts with the fewest possible problems or delay.
An executor of an estate, trustee of a trust, has the responsibility for accounting for all assets, expenses or other financial matters. With years of experience as a fiduciary backing our services, we are ready to help you satisfy your legal obligations.
Forensic accounting provides an analysis of all financial transactions of an estate or trust whichcan assure that you receive your full and rightful inheritance in any matters that may involve will fraud or conflicts.
Recent Blog Posts
The answer is yes! No matter your current situation, it is always a good idea to have your last wishes memorialized in writing. Your Last Will & Testament will be your final words and directives and it is important that your wishes are known to your family and heirs. Equally important, having a valid Will in place works to minimize confusion and prevents the court system from getting involved in dividing your estate. The loss of a loved one is a difficult experience and when your...
Gamblers and taxing authorities rejoice. Although not directly related to our firm’s practice areas – well not really related at all – the Supreme Court of the United States recently decided in a landmark case which will have an incredible impact across the country. In Murray v. National Collegiate Athletic Assn., the Supreme Court invalidated a 1992 Federal law which effectively prohibited sports betting in almost every State. This law – known as the Professional and Amateur Sports...
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