Secure Your Legacy With Our Kingston Trust Lawyers
When your estate planning needs go beyond what a simple will and other basic documents can address, trusts can prove to be invaluable tools. At Redder, Bock & Associates, PLLC, we craft trusts tailored to our clients’ unique objectives throughout Kingston and the Ulster County area. As knowledgeable New York trusts attorneys, we are ready to provide you with the clear answers and dependable estate planning solutions you need.
The Basics Of A Trust
In a trust, you transfer assets to the control of a trustee, who then manages them for the benefit of certain named beneficiaries. The operation of the trust is governed by the trust document. A trust can be either:
- Revocable: Terms can be changed later
- Irrevocable: Terms generally can’t be changed
We can help you set up or update a trust in a way consistent with your specific needs.
What Benefits Can A Trust Offer?
A trust can provide an estate plan with several advantages beyond what a will can. These include:
- Asset protection: Certain trusts can shield your wealth.
- Privacy protection: Trusts aren’t a matter of public record.
- Probate avoidance: Assets in a trust generally aren’t subject to probate.
- Expanded control: It can control what happens to your assets both during life and after death.
Trusts also may reduce the potential for future family conflict. As skilled Ulster County living trust attorneys, we can guide you on harnessing the benefits of trusts to further your estate planning goals.
Why Is Trust Funding So Important?
Trust funding involves transferring ownership of your assets into the trust’s name. A trust doesn’t actually take effect until this occurs. If you fail to take this step correctly, your trust may be unable to achieve its intended purposes. As experienced irrevocable and revocable trust lawyers, we can help you navigate this critical process.
Discover What Trusts Can Do For You
Turn to us for personalized trust guidance. Contact our estate planning law firm today at 845-853-0801 or by email for a confidential consultation.