Business Description
It is the best way to ensure your specific wishes are followed rather than hoping the courts make the right choices on your behalf. There are many benefits to estate planning including minimizing the taxes that are owed, maintaining privacy for your estate, helping your loved ones avoid Proper estate planning will allow you to ensure you are able to control what happens to your assets now and after your gone. probate court, and much more.
A trust is an entity that exists through a private agreement between trustee – a person charged with responsibility to holding property for the benefit of another - and settlor- a person who parts with said property for the benefit of another (or sometimes, for the benefit of self) Different assets can be placed into a trust. There are many different types of trusts, each used to serve a different purpose. Choosing the right trust, or trusts, will help to ensure you reach your goals.
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 212-464-7394 to speak with an attorney and get the estate planning help you need.
