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A Long Island Trusts Lawyer Explains in Forbes Why a Trust is Something That You Need to Create

Trusts are a tool that can be used for estate planning and asset protection. As Long Island trusts lawyer Mark Eghrari explained in a recent Forbes article, trusts are very versatile.

They can even help to protect your money when you are alive, which NBA player Michael Carter-Williams took advantage of when he put a part of his salary into a trust that he wasn’t able to access for three years. The goals of the trust that Carter-Williams created were to ensure that he was responsible with his money and to force himself to make wise decisions about his spending.

While you might not have a $4.5 million salary to protect and to put into trust, as Carter-Williams did, this does not mean that a trust isn’t a tool that can work for you. If you have any wealth you want to protect either during your lifetime or after your death, a trust can help you to minimize the risks of many different kinds of losses.

You can visit Forbes and read the rest of the article to find out more about how trusts work and can contact Eghrari Wealth Training Law Firm if you are ready to put trusts to work for you. Just give us a call at (631) 265-0599 or contact us online to find out how we can help.

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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.
Latest posts by Eghrari Wealth Training Law Firm (see all)
  • What You Need to Know about Medicaid’s “Look-Back” Rule - February 1, 2023
  • What You Need to Know about Elder Financial Exploitation - January 25, 2023
  • What Is an Asset Protection Trust? - January 18, 2023

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.

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Eghrari Wealth Training Law Firm
50 Karl Avenue, Suite 202
Smithtown, NY 11787
Phone: (631) 265-0599
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50 Karl Avenue, Suite 202
Smithtown, NY 11787
Phone: (631) 265-0599
Fax: (631) 265-0754

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