Long Island Testamentary Trust Attorney
Legal Support for Testamentary Trusts in Long Island
A testamentary trust is a trust that is created as part of a last will & testament. It does not take effect until after your death. Once you have passed on, the individual appointed as trustee will direct that your wishes be carried out in properly distributing your property and assets to your beneficiaries. If you are considering establishing a testamentary trust, it is recommended that you contact a Long Island trust attorney who can assist you in taking the necessary legal steps.
In establishing a testamentary trust, you will be able to:
- Control the management and distribution of your assets following your death
- Take advantage of exemptions for inheritance and estate taxes
- Provide for the needs of your spouse or other dependents
- Provide for your children (including biological, adoptive, or step-children)
Blutter and Blutter has assisted individuals in estate planning matters of all types, and is available to help you create a testamentary trust. The firm believes in providing one on one service to each client, so you will work directly with an attorney, not an assistant or paralegal. Their goal will be to help you achieve the peace of mind that comes with knowing that your estate and your loved ones will be well cared for after your death.
Choosing a Trustee for Your Testamentary Trust
Choosing the right individual to fulfill the role of trustee for your testamentary trust is extremely important. A person acting as trustee will have responsibilities that include the maintenance and investment of assets, preparation and filing of taxes, and proper distribution of assets. You will want to appoint an individual who has the following characteristics:
- Familiarity with taxes and accounting
- Familiarity with investments and investing
- Impartiality
- Continuity and dependability
If you would like to establish a testamentary trust as part of an estate plan, contact a Long Island testamentary trust lawyer today.