Irrevocable Trusts Lawyers in Long Island

Trusts Designed to Protect Your Assets

A trust is a legal arrangement that allows you to manage and distribute your assets after your death. An irrevocable trust is a type of trust that cannot be changed or revoked after it has been established. It is a trust that is designed to continue after the death of the grantor, the person who created the trust. Irrevocable trusts are beneficial because they allow the grantor to retain control over the assets while they are alive, while also ensuring that the assets are distributed as intended after their death.

The most common types of irrevocable trusts are:

• Living trusts
• Special needs trusts
• Inheritance planning
• Irrevocable living trusts

At Adler Law Firm, PLLC, our Long Island irrevocable trust attorneys can help you create an irrevocable trust that meets your needs. We can help you determine the right type of trust for your situation, and we can help you make sure that the trust is properly funded and maintained. We can also help you make sure that your trust is properly funded. Our Long Island trust attorneys are committed to your satisfaction and our goal is to help you protect your assets after your death.

If you would like to learn more about irrevocable trusts, please call our office at (516) 740-1184 or contact us online to get started with an irrevocable trust near you.

What Is an Irrevocable Trust?

An irrevocable trust is a trust that cannot be revoked after it has been established. It is a trust that is designed to continue after the death of the grantor, the person who created the trust. An irrevocable trust is beneficial because it allows the grantor to retain control over the assets while they are alive, while also ensuring that the assets are distributed as intended after their death.

There are three main types of irrevocable trusts:

• Special needs trusts: A special needs trust is a trust that is designed to help a person with a disability access government benefits. A special needs trust is designed to hold assets for a person with a disability, and it can help that person avoid disqualification from government benefits.
• Inheritance planning trusts: An inheritance planning trust is a type of trust that is designed to help you distribute your assets to your heirs in a way that is tax-advantaged. An inheritance planning trust can help you avoid estate taxes, and it can help you make sure that your heirs receive their inheritance in the way that is most beneficial to you.
• Irrevocable living trusts: An irrevocable living trust is a trust that is designed to help you manage your assets while you are alive. It is a trust that is designed to continue after the death of the grantor, the person who created the trust. An irrevocable living trust can help you avoid probate, and it can help you make sure that your assets are distributed as intended after your death.

Benefits of Irrevocable Trusts

There are many benefits to an irrevocable trust. An irrevocable trust can help you avoid probate, which can save you time and money. An irrevocable trust can also help you avoid estate taxes, and it can help you make sure that your assets are distributed as intended after your death. An irrevocable trust can also help you make sure that your heirs receive their inheritance in the way that is most beneficial to you.

Why Choose Us

At Adler Law Firm, PLLC, our Long Island attorneys can help you create an irrevocable trust that meets your needs. We can help you determine the right type of trust for your situation, and we can help you make sure that the trust is properly funded and maintained. We can also help you make sure that your trust is properly funded. Our attorneys are committed to your satisfaction and our goal is to help you protect your assets after your death.

How to Create an Irrevocable Trust

Creating an irrevocable trust can be beneficial because it allows you to retain control over your assets while you are alive, while also ensuring that your assets are distributed as intended after your death. However, creating an irrevocable trust is a complicated process. If you decide to create an irrevocable trust, you will need to determine the type of trust that is right for your situation, and you will need to make sure that the trust is properly funded and maintained. You will also need to make sure that your trust is properly funded.