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All Trusts in New York
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A lawyer who specializes in Trusts law is known as a Trusts and Estates attorney. Trust law is a complex area of law that involves creating, managing, and distributing trusts. A Trusts and Estates attorney can assist clients in creating and managing trusts, as well as provide guidance on trust administration and distribution of assets.
Trusts are legal arrangements in which a trustee holds assets on behalf of beneficiaries. Trusts can be used for a variety of purposes, including estate planning, asset protection, and charitable giving. A Trusts and Estates attorney can help clients choose the type of trust best suited for their needs and provide guidance on the legal requirements for creating and managing a trust.
In addition to creating and managing trusts, a Trusts and Estates attorney can also assist clients with estate planning, wills, and probate. Estate planning involves the creation of a plan for the distribution of assets after death, while probate is the legal process of distributing a deceased person’s assets according to their will or state law.
A lawyer who specializes in trusts law is a legal professional who has expertise in the area of trusts. Trusts are legal arrangements where property or assets are managed by a trustee for the benefit of another person or persons, known as beneficiaries.
A lawyer who specializes in trusts law can help clients with a range of issues related to trusts, including:
Creating and drafting trusts: A trust lawyer can help clients create and draft trusts that meet their specific needs and goals.
Trust administration: A trust lawyer can advise trustees on their duties and responsibilities and help them navigate the legal requirements of administering a trust.
Trust litigation: A trust lawyer can represent clients in trust disputes, including challenges to the validity of a trust, breaches of fiduciary duty by a trustee, and disputes among beneficiaries.
Trust tax planning: A trusts lawyer can advise clients on tax planning strategies related to trusts, including estate and gift tax issues.
Overall, a lawyer specializing in trusts law has the knowledge and experience to help clients navigate the complex legal issues surrounding trusts and protect their interests.