Trust Lawyer in New York

Creating a Trust

Trusts are a part of estate planning that can either supplement or replace a client's last will and testament. With a trust, the creator can manage their property during their lifetime. After death, a trust is used to distribute property according to the terms of the document.

How can a trust benefit my family?

By establishing a trust, you are able to ensure that your assets are properly managed for the future and accurately distributed to family members. Assets held in a trust are used to pay for expenses for the designated beneficiaries.

Trusts can also be used to avoid the probate process. Probate is very complex, especially when the decedent's assets are not organized in a trust or last will and testament. When you transfer ownership of your assets to a trust, it can remove them from your taxable estate, which will decrease your federal and state estate taxes.

Types of Trusts

Trusts can take several different forms that serve distinct purposes.

Some of the trusts that our New York estate planning attorneys can help you create include:

• Living trusts
• Revocable trusts
• Irrevocable trusts
• Charitable remainder trusts
• Asset protection trusts
• Supplemental needs trusts
• Animal companion trusts
• Inter vivos trusts

Trusts can help you and your loved ones accomplish the following:

• Name a successor trustee
• Distribute assets to loved ones without probate
• Protect assets from creditors
• Dictate how your assets are distributed

If you would like to learn more about trusts and the other available estate planning services that our firm offers, contact our lawyers at your earliest convenience. We provide customized wills and trusts that are unique to your needs and are also available to litigate estate disputes.

Will and Trust Construction in New York

Ideally, a will and/or trust is written in clear, unambiguous language. However, there are cases in which these issues are open to interpretation, and there are ambiguities with regard to the division and distribution of assets,the identity of the beneficiaries and tax issues related to the estate. Novick & Associates, P.C. has represented interested parties in asking the court for its interpretation of any and all ambiguous language. Every will and trust is written with specific language, some of which can be less than clear with regard to the actual inheritance due to one or more parties, how assets should be divided or other crucial issues.

New York Estate Planning Attorney Evaluating Wills and Trusts

If you believe you have a right to claim some portion of an estate and need to get the will or trust evaluated with regard to construction and language and whether a legal action could be successful, a New York estate planning attorney from Novick & Associates, P.C., can assist you. We are committed to protecting the rights of beneficiaries and are prepared to take action if there has been any miscarriage of justice, ambiguous language in a will or trust or other matter that requires a high level of skill and legal knowledge in estate matters. We believe that if you are a beneficiary or fiduciary, and you need assistance in clarifying a confusing will or trust document, you deserve the highest quality legal counsel to assist you.

Legal issues surrounding wills and trusts and the language in which they were drafted will be decided in Surrogate's Court. Our legal team has over 30 years of experience and has appeared in court on countless occasions to get these issues resolved and to seek the court's decision in matters involving wills and trusts that have ambiguous language that is open to interpretation. We have a high personal interest in protecting the rights of clients that may have rights to some portion of an estate, and can evaluate the construction of the trust with regard to the final distribution of assets when it will be beneficial to our clients.