When you are making your estate plan or your asset protection plan, you may need to decide if you should create a revocable living trust. There are lots of misconceptions about what a revocable living trust can do for you or who should create this type of trust so it is important to work with an experienced attorney to understand what the purpose of this trust type is and why you may want to create one. Mark S. Eghrari & Associates, PLLC can help you to determine if a revocable living … [Read more...] about What is the Purpose of a Revocable Living Trust?
Smithtown trust attorneys at Mark S. Eghrari & Associates, PLLC can provide you with assistance making certain your disabled child is provided for. If you have a child with a disability, you know that you will likely need to provide your child with some degree of financial support for the rest of his or her life -- even after you pass on. However, you need to be strategic about how you provide for your child with a disability to avoid losing access to means-tested benefits or to avoid other … [Read more...] about Why Smithtown Trust Attorneys Should be Consulted If You Have a Disabled Child
If you want to terminate a trust, you need to work with an experienced attorney to understand the steps that you may need to take. Mark S. Eghrari & Associates, PLLC can provide help with the process of terminating a trust and can assist you in handling a wide variety of other legal issues related to trust creation, funding a trust or terminating a trust. Making the decision to terminate a trust can be a big deal because you will lose the protections that the trust is able to provide to … [Read more...] about How Do You Terminate a Trust?
Smithtown trust lawyers at Mark S. Eghrari & Associates, PLLC can provide personalized advice on how you can effectively use legal tools to provide for your heirs or beneficiaries. You likely want to take steps to ensure that your family will be provided for if something happens to you. Simply making a last will and testament is not sufficient to provide for your loved ones in many cases because the will may not address the special needs of your heirs or beneficiaries or allow for the … [Read more...] about How Smithtown Trust Lawyers Work with You to Protect The People You Love
A Smithtown revocable trust could be utilized as part of your estate plan and could also help you to be prepared for incapacity. It is important that you consider whether a revocable living trust is a useful tool that you should make use of in order to protect your family and your wealth. Every persons situation is different, so you will need to make smart choices about whether creating a revocable living trust is the best course of action for your situation or whether other legal tools … [Read more...] about Pros and Cons of a Smithtown Revocable Trust
Long Island trust lawyers can provide you with invaluable help with using trusts to protect your family and your assets. It is a common mistake to assume that trusts are something which only very wealthy people use to provide assets to their children. Trusts are actually a very versatile legal tool that can be used in many different circumstances, including by middle class families to protect assets and to provide for children, disabled loved ones, or other heirs or beneficiaries. If you … [Read more...] about When Should You Talk to Long Island Trust Lawyers?
A revocable living trust is a versatile and powerful estate planning tool that you can use to accomplish many goals for protecting your assets both during the course of your life and after you pass on. A revocable living trust is just one of several different types of trusts that you could create and while there are substantial advantages to creating this type of trust, there are also some disadvantages as well. Mark S. Eghrari & Associates, PLLC can provide you with personalized help … [Read more...] about What is a Revocable Living Trust?
If you are thinking about creating living trusts, you should be aware that a living trust has many advantages. One of the biggest benefits associated with this type of trust is that the assets which are held within a living trust do not have to pass though the probate process. This is a major benefit to those who stand to inherit and it could benefit the trust creator as well. Mark S. Eghrari & Associates, PLLC can provide insight into the benefits of creating a living trust and can help … [Read more...] about Living Trusts Allow Heirs to Skip the Probate Process: What Does That Mean for You?
Smithtown living trust attorneys can provide assistance with the process of creating a living trust. There are many reasons why you might want to make this type of trust. One of the big benefits, however, is that creating a living trust can give you more control over your assets. Mark S. Eghrari & Associates, PLLC can provide personalized help and advice in understanding the benefits of a living trust and in creating a trust document that is legally enforceable so you can take advantage … [Read more...] about How a Living Trust Gives You More Control Over Assets
Smithtown trust attorneys at Mark S. Eghrari & Associates, PLLC can help you to decide what estate planning tools are the right ones for your particular situation. There are many different tools that you can consider using to determine what your legacy will be and how assets will transfer to loved ones after you have passed on. You want to make sure that you have the right estate planning documents and take the right approach to passing on assets to your heirs or beneficiaries in order to … [Read more...] about Smithtown Trust Attorneys Explain Why a Trust May Be Better Than a Will