Top White Plains, NY Asset Protection Lawyers Near You
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245 Main Street, Suite 500, White Plains, NY 10601
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Assisting people in New York with their Asset Protection needs. Learn More.
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235 Main St, White Plains, NY 10601
In White Plains, New York area, Bashian P.C. can help clients with their Asset Protection needs.
3 Park Ave, Suite 2700, New York, NY 10016
810 Seventh Avenue, Suite 1105, New York, NY 10019
1185 Avenue of the Americas, Suite 3400, New York, NY 10036-4003
69-09 Myrtle Ave, Glendale, NY 11385
477 Madison Avenue, Suite 1230, New York, NY 10022
1178 Broadway, 3rd Floor Suite # 1556, New York, NY 10001
1225 Franklin Ave, Suite 325, Garden City, NY 11530
330 Sunrise Hwy, Suite 200, Rockville Centre, NY 11570-4913
909 Third Avenue, 27th Floor, New York, NY 10022
26 Court Street, Suite 2306, Brooklyn, NY 11242
225 Broadway, Suite 1900, New York, NY 10007
485 Lexington Ave, Suite 1001, New York, NY 10017
600 Third Avenue, 25th Floor, New York, NY 10016
1981 Marcus Avenue, Suite 231, New Hyde Park, NY 11042
900 Third Avenue, 8th Floor, New York, NY 10022
950 Third Ave, Suite 2400, New York, NY 10022
1177 Avenue of the Americas, 41st Floor, New York, NY 10036-2714
90 Merrick Avenue, 9th Floor, East Meadow, NY 11554
7 Times Square, 40th Floor, New York, NY 10036
110 East 42nd Street, 17th Floor, New York, NY 10017
810 7th Ave, Suite 405, New York, NY 10019
101 Park Avenue, 17th Floor, New York, NY 10178
60 E 42nd St, 40th Floor, New York, NY 10165
White Plains Asset Protection Information
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Lead Counsel independently verifies Asset Protection attorneys in White Plains and checks their standing with New York bar associations.
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Be in good standing with their bar associations and maintain a clean disciplinary record.
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What Is a Trust?
A trust is a legal arrangement in which you transfer your assets to another party to hold and manage for the benefit of your beneficiaries. Trusts are widely used in estate planning to ensure that loved ones are financially secure in the years to come. Because trust and estate laws can be complicated, it is recommended to consult with a trust lawyer near you, as each state has its own laws. There are several distinct types of trusts, including:
- Asset protection trusts
- Charitable trusts
- Constructive trusts
- Family trusts
- Irrevocable trusts
- Living trusts
- Revocable trusts
- Special needs trusts
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in New York is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under New York probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in White Plains?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts