Trusts

Jul 31, 2019
Finance

Understanding Trusts and Their Benefits

Denaro Anthony D Atty is a highly experienced attorney with a proven track record in handling trust-related matters. With a thorough understanding of trust law, Denaro Anthony D Atty can guide you through the complexities of establishing and managing trusts to protect your assets and ensure their proper distribution.

What Is a Trust?

A trust is a legal structure that allows an individual or organization, referred to as the "trustee," to hold and manage assets on behalf of another party, known as the "beneficiary." Trusts offer numerous benefits, such as:

  • Asset protection
  • Probate avoidance
  • Tax planning
  • Control over asset distribution

Types of Trusts

Revocable Living Trusts

A revocable living trust is one of the most commonly used types of trusts. It allows you to maintain control over your assets during your lifetime while designating beneficiaries to receive them after your passing. Since it is revocable, you can modify or revoke the trust as needed.

Irrevocable Trusts

Irrevocable trusts, on the other hand, cannot be modified or revoked once established. These trusts are commonly utilized for tax planning purposes and asset protection. By transferring assets into an irrevocable trust, you can potentially reduce estate taxes and shield your assets from potential creditors.

Special Needs Trusts

Special needs trusts are designed to provide financial support to individuals with disabilities without jeopardizing their eligibility for government assistance programs. By establishing a special needs trust, you can ensure that your loved one's specific needs are met while maintaining their access to vital benefits.

Charitable Trusts

Charitable trusts allow you to support charitable causes while potentially receiving tax benefits. By contributing assets to a charitable trust, you can make a positive impact on society while potentially reducing your overall tax obligations.

How Denaro Anthony D Atty Can Help

Choosing the right type of trust and navigating the legal requirements can be overwhelming without proper guidance. Denaro Anthony D Atty is dedicated to helping clients make informed decisions when it comes to trust planning. Whether you need assistance with trust creation, modification, or administration, Denaro Anthony D Atty's expertise and attention to detail ensure that your specific needs are met.

Contact Denaro Anthony D Atty Today

If you are considering establishing a trust or need assistance with an existing trust, Denaro Anthony D Atty is here to help. With a deep understanding of trust law and a commitment to delivering personalized legal services, Denaro Anthony D Atty is your trusted partner in trust planning. Contact Denaro Anthony D Atty today to schedule a consultation.

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