Living Trusts

Create a lasting legacy for your heirs with a living trust
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Living Trusts Attorney In Brooklyn, New York

What Is A Living Trust?

Living trusts are essential estate planning instruments that can be established and funded while you are still alive, which sets them apart from testamentary (contingent) trusts that only come into effect upon your passing. This proactive approach allows for a more dynamic management of your assets during your lifetime. A living trust serves as a cost-efficient yet comprehensive way to address your heirs’ needs, providing you with absolute peace of mind regarding your estate. Furthermore, while you are alive, you maintain unrestricted control over your trust’s assets, enjoying the same level of authority and access as if they were still held in your name. By creating a living trust, you ensure that your wishes are honored and your loved ones are taken care of without delay. For personalized guidance and experience, reach out to Marc Taylor, a highly proficient attorney specializing in Estate Planning Law in New York, to explore the various options available to you.

Call Taylor & Associates Law, P.C. at 929-325-0098 to schedule a consultation with a lawyer today.

What Benefits Do Living Trusts Provide to My Heirs?

Living trusts are a valuable tool for ensuring your children's or other heirs' needs are met without the complications and costs associated with the probate process. Probate often takes months, if not years, to complete. If your heirs are located a considerable distance from you, managing the necessary paperwork can become an arduous task. Living trusts can also lessen your heirs' tax responsibilities, removing financial stress during a period where their primary concern should be coping with their loss. To gain further understanding, schedule an appointment with Marc Taylor. Marc Taylor is a dedicated Estate Planning Law attorney in New York, equipped to guide you through this essential process.

Does a Living Trust Benefit Me Now?

With Marc Taylor, your New York Estate Planning Law attorney, maintaining full control over the assets you place into a living trust is assured. A living trust can cater to your requirements should you acquire a disability. Without it, or financial power of attorney, the probate court may dictate how your family takes care of you. A living trust allows you to designate a trustee, commonly a family member or a trusted friend, to oversee your assets if you become incapacitated. This living trust is revocable, meaning that adjusting the stipulations or even completely withdrawing it is quite simple as your needs evolve. It's an uncomplicated, yet remarkably effective way to make certain that those you care about can manage your assets when you're unable to. Experience the tranquility that comes with having a living trust. For a comprehensive discussion about your needs, arrange a consultation with Marc Taylor.

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Have Questions?

Call Taylor & Associates Law, P.C. at 929-325-0098 today to speak to an attorney.

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