Trusts
Explore the Power of Trusts with Experienced Elder Law Attorneys
Estate planning goes beyond just a will. At PB Elder Law, our elder law attorneys specialize in crafting customized trusts to meet your unique needs and goals.
Unlocking the Advantages of Trusts
A trust is a legal arrangement that transfers ownership of assets to a trustee for the benefit of designated beneficiaries. Trusts offer a range of advantages that a will alone cannot provide:
- Minimize Probate and Estate Taxes: Strategic trusts can significantly reduce probate costs and potential estate tax burdens.
- Avoid Probate Altogether: Living trusts effectively transfer assets outside of probate, streamlining the inheritance process for your beneficiaries.
- Protect Assets for Beneficiaries: Trusts can safeguard assets from creditors or future lawsuits involving beneficiaries.
- Ensure Proper Management: You designate a trusted individual (trustee) to manage assets according to your wishes, ensuring responsible care for beneficiaries.
Tailored Trust Solutions for Every Need
Our elder law attorneys offer a comprehensive range of trust options to fit your specific circumstances, including:
- Living Trusts: Transfer assets while you’re alive, avoiding probate and providing immediate access for beneficiaries upon your passing.
- Irrevocable Trusts: Protect assets from creditors and potentially reduce your taxable estate, though you relinquish control of the transferred assets.
- Special Needs Trusts: Ensure the continued financial security and government benefits of a disabled beneficiary.
Expert Guidance Every Step of the Way
We understand trusts can seem complex. That’s why our experienced attorneys guide you through every step, from explaining different trust types to:
- Drafting a Trust Agreement: A legally sound document outlining the trust’s purpose, terms, and beneficiary designations.
- Selecting a Trustee: We help you choose a responsible and qualified individual to manage the trust assets.
- Understanding Trust Administration: We provide ongoing support and guidance to ensure the trust is administered according to your wishes.
Plan for a secure future, today
Contact PB Elder Law today at 716.204.1055 to schedule a consultation with an experienced elder law attorney. Or complete and submit the secure form below.