Using Trusts To Safeguard Assets Today And In The Years Ahead
If a will is the cornerstone of an estate plan, a trust is a roof that provides shelter — from taxes, from probate and from the ravages of end-of-life care. Trusts can also safeguard the assets of vulnerable loved ones. At Higgins, Roberts & Suprunowicz, P.C., our estate planning lawyers are committed to helping New York families benefit from the protections that trusts offer.
Niskayuna Revocable And Irrevocable Trusts Lawyers
Trusts are valuable tools that are frequently part of a comprehensive estate plan. At our firm, we assist clients in creating a broad range of trusts, including:
- Revocable and irrevocable living trusts
- Irrevocable live insurance trusts
- Grantor trusts
- Trusts for minor beneficiaries
- Supplemental needs trusts
- Charitable trusts
- Medicaid trusts
- Qualified terminable interest property (QTIP) trust
The Advantages Associated With Trusts
The benefits of trusts are numerous. A trust can be used to avoid probate, which is especially beneficial to those who own property in multiple jurisdictions. A trust can preserve a loved one’s eligibility to receive public benefits or provide care for a minor or disabled beneficiary. Trusts can be used to manage a property on behalf of a loved one who cannot handle the responsibility of managing the property on his or her own. Certain trusts can mitigate the bite of estate taxes. Whatever your needs are, our attorneys can help you find a trust that will help you achieve your goals.