Trusts

Frequently in the course of drafting an estate plan, it will be advisable for a trust to be created. A trust is a document that sets forth your wishes pertaining to property (both property and personal property) that you have set in trust for the benefit of your beneficiaries. A trust can be either revocable or irrevocable. The most common objectives for creating a trust are to minimize estate taxes, avoid probate and to create a significantly more streamlined administration of your estate. Additionally, there are many forms of specialized trusts with each state recognizing certain trusts pursuant to its own laws. Common specialized trusts include, but are not limited to, Insurance Trusts; Special Needs Trusts; Investment Trusts; Pet Trusts; Charitable Trusts; and Qualified Personal Residence Trusts.

Our firm has extensive experience in drafting, and administering trusts, as well as representing fiduciaries in the administration of trusts in addition to handling trust disputes and trust litigation.