Trust Planning
& Administration
Protect Your Assets,
Simplify Estate Administration,
Preserve Your Legacy
Trust Attorneys Serving NY, NJ & CT
Your desire to protect your assets and preserve your legacy may not be unique, but your family, values, estate, and circumstances are. Our firm offers experienced attorneys who understand the techniques to create a comprehensive plan to accomplish your asset protection and estate distribution objectives.
From traditional planning to sophisticated solutions, including trusts, estate administration, will-based planning, and special needs planning, our office is equipped to address your desires, and any tax, family, or management concerns.
Please explore our website to learn more or contact our office to schedule your comprehensive consultation. We are your established legal resource located in Elmsford, NY and serving all of New York, New Jersey and Connecticut.
Trust Planning and Administration
You’ve worked hard during your life to build your savings and assets. As you approach your later years, you are probably considering how to pass your estate and values on to your loved ones. This is a process that can go painfully wrong if the right plan is not in place.
Trust planning is often coordinated with broader elder law services in New York. Ely J. Rosenzveig & Associates is ready to serve your specialized needs with great care, sensitivity, and efficiency. There is a range of trust instruments and planning options to achieve your objectives, including:
Whether you’re setting up a new trust or managing an existing one, we provide experienced, reliable support every step of the way.
The Difference Between a Will and a Trust
Often the question arises, “what is the difference between a will and a trust?” Both allow you to name your beneficiaries and are important documents as part of your overall estate plan. Trusts, however, allow you to avoid probate. In many cases, especially when considering minor children, a will and a trust are needed. Factors and objectives that determine which is the best planning tool include:
-
Naming beneficiaries - Transferring property
- Distributing property or assets
- Avoiding probate
- Maintaining privacy
- Ability to modify or amend
- Protection from creditors and court challenges
- Guardianship for minor children
- Avoiding conservatorship
- Naming executor
- Tax savings or deferral
There are many steps to take to safeguard an effective trust administration or settlement after your death or the death of a loved one. Post-mortem planning is required to settle the estate, reduce tax liability, and shift assets, as well as carry out your loved one’s wishes. However, it comes at a time when survivors are emotionally overwrought. We are there to shepherd you through this process with creative, and tailored planning strategies.
Contact our office in White Plains, NY, to learn more.
Ely J. Rosenzveig, Principal
Contact Us Today
Trust Planning and Administration involves considering the importance of having a will, understanding state laws that govern asset distribution, utilizing trusts for various purposes, such as avoiding probate and protecting assets for beneficiaries, and regularly reviewing and updating your estate plan to reflect changes in circumstances.
By engaging in thoughtful estate planning, you can ensure that your assets are distributed according to your wishes and provide for the well-being of your loved ones.