Top Jericho, NY Irrevocable Trust Lawyers Near You
Irrevocable Trust Lawyers | Serving Jericho, NY
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Irrevocable Trust Lawyers | Serving Jericho, NY
245 Main Street, Suite 500, White Plains, NY 10601
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Assisting people in New York with their Irrevocable Trust needs. Learn More.
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235 Main St, White Plains, NY 10601
In Jericho, New York area, Bashian P.C. can help clients with their Irrevocable Trust needs.
1271 Ave of the Americas, New York, NY 10020
90 Merrick Ave, Suite 700, East Meadow, NY 11554
200 Park Avenue, New York, NY 10166
150 Motor Parkway,, Suite 401, Hauppauge, NY 11788
144 E Central Ave, Pearl River, NY 10965
1 Pennsylvania Plaza, Floor 45, Suite 4515, New York, NY 10119
810 Seventh Avenue, Suite 1105, New York, NY 10019
1120 Avenue of the Americas, 13th Floor, New York, NY 10036
275 Broadhollow Rd, Suite 300, Melville, NY 11747
2116 Williamsbridge Rd, Bronx, NY 10461
445 Broadhollow Road, Suite 25, Melville, NY 11747
45 Broadway, 27th Floor, New York, NY 10016
147-17 Union Turnpike, Flushing, NY 11367-3717
1301 Coney Island Ave, Suite 2a, Brooklyn, NY 11230
3366 Park Ave., Wantagh, NY 11793
10 Lakeview Dr, Kings Park, NY 11754
100 Broadhollow Rd, Ste 100, Farmingdale, NY 11735
1270 Ave of the Americas, 7th Floor—1050, New York, NY 10020
90 Merrick Avenue, 9th Floor, East Meadow, NY 11554
1001 Avenue of the Americas, Floor 12, New York, NY 10018
7 Times Square, 15th Floor, New York, NY 10036
110 East 42nd Street, 17th Floor, New York, NY 10017
305 Broadway, 14th FL, New York, NY 10007
Jericho Irrevocable Trust Information
Lead Counsel Verified Attorneys in Jericho
Lead Counsel independently verifies Irrevocable Trust attorneys in Jericho and checks their standing with New York bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is an Irrevocable Trust?
An irrevocable trust is generally permanent. After the grantor sets up an irrevocable trust, they cannot make changes to the trust later. There are tax benefits for irrevocable trusts that protect assets from estate or income taxes. Putting assets in an irrevocable trust can also make the grantor eligible for some government programs, such as Medicaid.
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 Jericho?
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