Garden City Trusts Lawyer

Trusts Attorney in Garden City, NY

One of the most secure ways of preserving your assets for generations to come is by establishing a trust. However, many folks believe that trusts are only for the extremely wealthy. This is not the case. Whether you are raising children near Triangle Park, or own a small business along Franklin Avenue, a Garden City, NY, trusts lawyer can help you protect what matters most even after you’re gone.

Work With Pezzello Law for All Your Trust Needs

For the last 30 years, the team at Pezzello Law has dedicated their careers to helping individuals in Garden City through a wide array of legal matters. Estate planning can be a difficult topic, as it often involves some aspect of what will happen to your things after your passing. We are here to be the compassionate listeners you deserve and work with you to protect both your assets and your loved ones, no matter what the future may bring.

Main Types of Trusts in Garden City

In Garden City, there are several different types of trusts that can be established, based on your needs, the assets that you hold, and the needs of your loved ones. However, only 13% of Americans actually have a trust in place. The team at Pezzello Law is prepared to review your life circumstances and help you decide which trust might be right for you. The most common kinds of trusts include:

• Irrevocable trust. This kind of trust is most commonly utilized by older adults in order to protect their assets. When you create an irrevocable trust, you may be able to hold onto your assets while still qualifying for Medicaid benefits, home or nursing home care, or assisted living. These assets can therefore be preserved and inherited by your heirs.
• Revocable trust. Also known as a living trust, a revocable trust allows you to alter the assets held within the trust as much as you desire until your passing. You may even revoke the trust if you wish. This allows you more control over your own assets and can allow your beneficiaries to avoid the probate process after your death.
• Special needs trust. If you have a loved one who suffers from special needs, a special needs trust can help ensure that they continue to receive certain public benefits, like Social Security income or Medicaid, while also remaining able to hold onto their inheritance. These trusts can either be set up while the grantor is still alive or as a testamentary trust, where assets are not distributed until the grantor has passed.

Hire a Trusts Lawyer From Pezzello Law Today

If you are curious as to whether a trust is right for you, the team at Pezzello Law is here to help you find the answer. Located in Nassau County on Long Island in New York, we can review your assets and help determine what method of estate planning correctly fits your needs. Allow us to provide you with the legal guidance you both need and deserve. Contact our offices to learn more about our estate planning services and to hire a trusts lawyer today.