Living Trusts

Create a lasting legacy for your heirs with a living trust
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Living Trusts Attorney  In New York, NY

What Is A Living Trust?

Living trusts stand as effective tools for estate planning that you can establish and fund whilst you're alive. Unlike testamentary (contingent) trusts that only become active posthumously. A living trust offers a cost-conscious and streamlined method to cater to the needs of your heirs. Furthermore, it delivers the serenity of knowing you retain total control over your assets whilst you're alive, just as if they remained under your name. Benjamin Neschis in New York can provide you with the necessary insights on living trusts. Reach out to him to learn more.

Contact Law Offices of Benjamin B. Neschis, P.C to schedule a consultation with a lawyer today. 646-798-5242

What Benefits Do Living Trusts Provide to My Heirs?

Living trusts are beneficial to ensure your children's or other heirs' needs are met, circumventing the lengthy and costly probate process. Probate can stretch out for an extensive period, adding unnecessary stress, especially if your heirs are not in close proximity making the bureaucratic paperwork a daunting task. Living trusts further contribute by reducing your heirs' tax implications, removing any financial uncertainty during a time when their focus should be on healing from loss. To gain additional insight, arrange a meeting with Benjamin Neschis, our proficient estate attorney located in New York.

Does a Living Trust Benefit Me Now?

Maintaining total control over your assets is one of the many benefits offered by a living trust. A living trust can also provide for your needs if you become incapacitated. In the absence of a living trust or a financial power of attorney, a probate court could dictate how your family takes care of you. However, with a living trust, you can appoint a trustee – perhaps a family member or trusted acquaintance – to manage your assets should you become disabled. The living trust is revocable, meaning you can conveniently amend the provisions or terminate it completely as your circumstances evolve. It’s a straightforward but potent method to ensure those you care about control your assets when you no longer are able. Embrace the peace of mind that comes with a living trust. Address your needs in a consultation with Benjamin Neschis, your reliable estate planning legal guide in New York.

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