Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purposes. The following is the most common type of trusts:

Irrevocable Trust – Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as children’s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement).

There are many other types of trusts to consider based on your specific circumstances, goals and needs. Whether you need to have a Will created, a trust created, or both, we are here for you. Please contact us at 347-809-3160 to speak with an attorney and get the estate planning help you need.