Protecting Your Assets With A Trust
Many people falsely believe that when they draft their Last Will and Testament, their assets are fully protected from long-term care costs in a nursing home. Unfortunately, wills do not work this way. Wills only allow you to leave the things you own to loved ones upon your death. If you have to deplete your life savings because of a catastrophic illness or injury, a will simply stands as a well-intentioned but meaningless document.
At Koldin Law Center, P.C., we discuss with our clients a way to truly protect their assets as they get older, which is through a trust. This type of estate planning tool allows your trustee to distribute your assets to a beneficiary or beneficiaries in accordance with your wishes upon your death. Considered incredibly useful for those interested in lifetime planning techniques, trusts also avoid probate and the stress that often accompany this legal process.
Choosing A Trust That Meets Your Needs
Like wills, trusts are not a one-size-fits-all legal document. Trusts should be tailored to your unique needs and situation. When you schedule a free initial consultation with our law firm, we will carefully evaluate your estate planning needs. We will then present different options, including the possibility of a trust.
Our attorneys have helped individuals and families in central and western New York successfully establish:
- Irrevocable living trusts
- Revocable living trusts
- Asset management trusts
- Support trusts
- Income for life trusts
- Supplemental needs trusts
- Pet trusts
- Other special beneficiary trusts
Retain Lifetime Counsel On Your Trust
At Koldin Law Center, P.C., we offer an optional retainer program to clients with trusts. For a nominal yearly fee, we provide our trust clients with lifelong legal counsel regarding their trust. Our trust clients are free to call whenever they have questions or concerns without the fear of any additional hourly charges.
Trust Us To Prepare Your Trust
For more than 50 years, Koldin Law Center, P.C., has stood as a legal leader in the area of trust planning and Medicaid planning and applications. To see how a lawyer from our firm can help you, call our East Syracuse (315-314-3205) office. You may also send us an email. We serve clients throughout Onondaga county and surrounding counties in central New York.