Do I need a trust? New York and New Jersey estate planning attorneys recognize that even though most people understand that the purpose of a last will and testament, also called simply a “will”, is to designate who gets their property and who would be guardians of their minor children after they die, few people...

Although many individuals are well served by a will-based estate plan, a will must go through a court supervised proceeding referred to a probate. Depending on the size and the complexity of the estate, this can be a time consuming and costly process. For this reason, we often recommend creating a revocable living trust. What...

Should my estate plan include an irrevocable trust?

While clients often come to us for assistance with creating a will, we also design estate plans that consider other estate planning objectives, particularly asset protection, minimizing taxes, and providing for loved ones. In these situations, many individuals are well served by establishing an irrevocable...