Common Types Of Trusts 2016-11-16T20:33:18+00:00

An Experienced Attorney Creates Trusts to Protect Your Assets in Staten Island And Throughout the Five Boroughs

Using our knowledge to help you avoid paying unnecessary taxes and fees

A trust provides 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, and 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. We have a deep knowledge of the laws and regulations pertaining to trust creation and maintenance, and we can ensure that your wishes are honored 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. This kind of trust is routinely used as the foundation for a good estate plan. It allows you to maintain control of your assets as long as you are alive and 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 but can be amended or revoked 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 commonly set up by married couples to protect the remaining spouse if one dies 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.

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.

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.