Long Island Revocable Trust Lawyer
About Revocable Trusts
A revocable trust is a type of trust that can be changed or revoked completely for the duration of your lifetime. It is used to manage your property while you are alive, and distribute that property according to your wishes once you have passed on. If you intend on establishing a revocable trust, it is recommended that you seek the help of an experienced Long Island trust lawyer. The legal team of Blutter and Blutter has provided estate planning services to countless individuals, including those establishing trusts. They are available to assist you in setting up a trust, and will ensure that it is legally sound so that your estate and your loved ones are well cared for after your death.
Revocable trusts are created through written agreement. They appoint a "trustee" who is charged with managing any and all property that has been transferred into the trust by the creator. This agreement gives specific instructions regarding how the property will be managed, and how it will be distributed once the creator has died. The establishment of a trust is preferable to having one's estate managed by a probate court, as the probate process is often complicated and expensive for surviving family members.
Benefits of Revocable Trusts
A revocable trust serves the purpose of putting control of property and asset distribution firmly in your hands. It also allows you and your family members to avoid the probate process. This process is administered by a court that is unfamiliar with your desires for your estate, and so the court may end up making decisions that are not in the best interests of your beneficiaries. In establishing a trust, you will have ensured that your estate is passed on to your loved ones in the manner that you see fit.
Contact a Long Island revocable trust attorney who can provide you with professional legal help in establishing a revocable trust.