Brooklyn, New York Trusts Lawyers
The estate planning law firm of Polizzotto & Polizzotto, LLC, with offices in Brooklyn, New York, assists clients throughout New York City and surrounding areas with setting up trust funds for beneficiaries and estate tax purposes. Our attorneys establish a variety of different trusts according to our clients’ financial goals and needs.
We offer legal solutions tailored to your unique situation. Contact us to learn how we can help you find the trust fund that is right for you.
Trust funds can be used to transfer assets to a beneficiary and to protect assets from governmental agencies and financial misuse.
There are two main types of trusts — revocable trusts and irrevocable trusts. Revocable trusts may be used in place of a will when there is an unequal distribution of assets among family members. With these trusts, your family can avoid probate. Irrevocable trusts transfer assets and money to a family member for the purpose of Medicare and Medicaid planning. They can also be used for tax planning.
We can also help you set up the following:
- AB trusts/credit shelter trusts
- Special needs trusts
- Constructive trusts
- 253 trusts
- Income only trusts
- Charitable trusts
- Qualified personal residence trusts
New York City Certified Financial Planner
Each type of trust serves a different purpose. Understanding how a particular trust would benefit your situation requires knowledge of the various trusts and the benefits and downfalls of each. Alfred Polizzotto III is a certified financial planner with more than 20 years of experience assisting clients with asset protection and transfer. He will assist you in making a decision that reaches your goals and serves your needs.
If you are looking for a way to transfer money to a beneficiary, contact Brooklyn and New York City estate planning attorneys at Polizzotto & Polizzotto, LLC.