Wills And Trusts Lawyer
Address: 4121 18th ave, suite 1290 Brooklyn, NY 11218 Phone: 347-803-2481 URL: http://trustsandestate.com/ 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 u2013 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 u2013 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 childrenu2019s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement) Special Needs Trust u2013 created to help provide care for chronically disabled individuals (children, parents, siblings). Can be created during lifetime or at death. Generation Skipping Trust u2013 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. Charitable Trust u2013 You can leave an income stream to a specific charity in a trust and leave the remainder for your descendants (or the other way around) to take advantage of charitable income tax deductions or estate tax deductions. Business succession trust u2013 used to centralize control over family business or assets. Life insurance trust u2013 created to hold a policy on your life (or a policy on a life of another individual). This trust presents an effective way to give your heirs easy access to cash at you death to payfor your death taxes or to ensure available liquidity if you have a relatively illiquid estate and worry about a fire sale at death. There are many other types of trusts to consider based on your specific circumstances, goals and needs. Whether you need to have a Will created, a trust created, or both, we are here for you. Please contact us at 347-803-2481 to speak with an attorney and get the estate planning help you need. 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, last will and testament lawyer, last will and testament attorney, wills and probate, retirement planning attorney, retirement planning lawyer, asset protection lawyer, asset protection attorney, wills and trusts attorney, wills and trusts lawyer, Elder law attorney, Elder law lawyer, special needs trust attorney, special needs trust lawyer, Medicaid trust, Living Trust, Irrevocable trust, Revocable Trust, Charitable Trust, Brooklyn, NY Social Link: https://www.facebook.com/pg/Wills-And-Trusts-Lawyer-2392519160839650/ https://twitter.com/LawyerWills https://www.google.com/maps/place/Wills And Trusts Lawyer/@40.6315853,-73.9769615,17z/data=!3m1!4b1!4m5!3m4!1s0x0:0x5241952675cf8626!8m2!3d40.6315853!4d-73.9747728
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