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Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purpose. The following are some of the most common types of trusts:
Revocable Trust – This is a trust that you can make changes to at any time, or even be revoked the trust entirely. It is used for testamentary planning to avoid or ease the process of probate.
There are many other types of trusts to consider based on your specific circumstances, goals and needs. Whether you need to have a Will created, a trust created, or both, we are here for you. Please contact us at 212-495-9261 to speak with an attorney and get the estate planning help you need