An Experienced Attorney Creates Trusts to Protect Your Assets in New York City

Using our Knowledge to Help you Avoid Paying Unnecessary Taxes and Fees on Trusts

Trusts provide the foundation for quality estate planning. In the most general sense, a trust is simply an agreement allowing one person to hold money to use for the benefit of another. Creating a trust can help you avoid some estate taxes and fees. Additionally, trusts can help protect your property from being squandered in a battle among heirs. At Armstrong & Lamberti, PLLC , an experienced attorney can create trusts to protect your assets. We have been in business in the New York area for more than 40 years and are knowledgeable about all aspects of estate planning and elder law. Our team has a deep knowledge of the laws and regulations pertaining to trust creation and maintenance. We can help honor and maintain your wishes after your death. Our clients have the confidence of knowing that we are completely protecting their assets.

Trusts Come in a Variety of Forms

There are as many different types of trusts as there are uses for them. A trust can protect money from taxes, support charitable organizations or guarantee sufficient income for future generations. A Staten Island estate planning attorney with Armstrong & Lamberti, PLLC can help you create a variety of trusts, including a:

• Revocable Living Trust. Firstly, this kind of trust is a great foundation for a good estate plan, along with a Will. It allows you to maintain control of your assets as long as you are alive. Additionally, it can provide for your needs if you are incapacitated. It can be drafted to split upon your death into a number of other trusts, for easier estate administration.
• Testamentary Trust. Testamentary trusts are created under wills. Unlike a living trust, it does not come into existence until the testator’s death. However, it can receive amendments or termination anytime before then. This kind of trust provides for the orderly distribution of assets to an heir.
• Credit Shelter Trust. A credit shelter trust is often for spouses. Simply put, it helps protect the survivor, should one die before the other.  By unifying the couple’s credit, this type of trust simplifies the inheritance process and allows the remaining spouse to avoid estate taxes.
• Special Needs Trust. A special needs trust allows you to establish a care fund for a loved one with disabilities, whether physical or mental. This type of trust is especially helpful in letting them receive funds for care without losing their government benefits.

Get the legal assistance you need to create a solid trust

At our firm, a skilled estate planning attorney can help with your trust creation needs in a variety of circumstances. Working with a personable and attentive estate planning lawyer protects your assets, your future and your peace of mind. We will help you every step of the way.

Call an experienced estate planning attorney today

Would you like the comfort that comes with establishing a sound trust? Speak with an attorney at Armstrong & Lamberti, PLLC . Call or contact us online to get started.