Long Island Elder Law & Estate Planning

Revocable Living Trust in New York - Does It Provide Asset Protection?

A revocable living trust can be a very good alternative to a last will as a vehicle of asset transfer. This is because these trusts enable probate avoidance. Probate is a legal process that your estate must pass through before the assets that comprise the estate are distributed to the heirs. If you use a revocable living trust to arrange for the transfer of your assets rather than a last will, probate expenses can be avoided. The time lag will be avoided as well, because assets can be transferred by the trustee to the beneficiaries in a timely manner outside of probate.

Topics covered in this report include:

  1. Revocable Living Trusts Enable Probate Avoidance
  2. Probate & Asset Protection
  3. Effective Asset Protection Vehicles

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About Eghrari Wealth Training Law Firm

Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.