Wills And Trusts Lawyer
Irrevocable trust in Brooklyn, NY 11218
Address:
4121 18th ave, suite 1290
Brooklyn, NY 11218
Phone:
347-803-2481
Hours:
9 am - 9 pm every day
Payment:
All cc, cash
Description:
Estate planning is a process that should ideally start when you are still fairly young, and continue throughout your life. For most people, the first step is having a simple Last Will and Testament put in place, and then from there, add additional options over time. As your estate grows and evolves with you and your family, you will need to have trusts in place to help avoid probate, ensure privacy, prevent contest, protect your assets, minimize expenses, and minimize/defer death tax exposure. Learn more about Wills and trusts to see what type of testamentary planning you may benefit you and your family.
Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purpose. The following are some of the most common types of trusts:
Revocable Trust – This is a trust that you can make changes to at any time, or even be revoked the trust entirely. It is used for testamentary planning to avoid or ease the process of probate.
Irrevocable Trust – Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as children’s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement)
Special Needs Trust – created to help provide care for chronically disabled individuals (children, parents, siblings). Can be created during lifetime or at death.
Generation Skipping Trust – If you want to pass money down to your grandchildren, or other heirs at least two generations away, this type of trust can help accomplish that goal while bringing significant tax savings.
Keywords:
Probate, Probate Attorney, Probate Lawyer, Estate Planning, Estate Planning Lawyer, Estate Planning Attorney, Trusts and Estates, Trusts and Estates Lawyer, Trusts and Estates Attorney, Will Lawyer, Will Attorney
Social Link:
https://www.facebook.com/pg/Wills-And-Trusts-Lawyer-2392519160839650/