Trusts & Asset Protection

Trusts are not one-size-fits-all. The wrong structure or an improperly funded trust can create more problems than it solves. Our goal is to safeguard your assets, honor your intentions, and provide your loved ones with security for years to come.

SERVICES

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    REVOCABLE LIVING TRUSTS
    A revocable living trust allows you to control your assets during life and seamlessly transfer them after death without probate. It is flexible, amendable, and one of the most widely used estate planning tools.

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    IRREVOCABLE TRUSTS
    Unlike revocable trusts, irrevocable trusts cannot be easily changed. They are powerful tools for asset protection, tax reduction, and Medicaid planning.

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    TESTAMENTARY TRUSTS
    A testamentary trust is created through your will and takes effect only after death. These trusts are especially useful for providing for minor children, dependents, or staged inheritance.

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    SPECIAL NEEDS TRUSTS
    A special needs trust allows you to provide for a loved one with disabilities without jeopardizing their eligibility for Medicaid, SSI, or other government benefits.

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    CHARITABLE TRUSTS
    Charitable trusts allow you to support causes you care about while reducing tax liability and sometimes generating income.

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    SPENDTHRIFT TRUSTS
    A spendthrift trust protects assets from being wasted by a beneficiary with poor money management and shields assets from the beneficiary’s creditors.

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    LIFE INSURANCE TRUSTS (ILITS)
    An irrevocable life insurance trust (ILIT) allows life insurance proceeds to be excluded from your taxable estate, providing liquidity for heirs without estate tax exposure.

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    FAMILY & BUSINESS TRUSTS
    For families with businesses or investment properties, trusts can ensure smooth succession, protect assets, and keep wealth in the family.

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    NURSING HOME & HOME CARE PLANNING
    Nursing home and home care costs in New York can exceed $10,000 per month, creating significant financial strain without proper preparation. Planning helps families qualify for Medicaid home care or institutional coverage without losing assets unnecessarily.