Manhattan Living Trust Lawyer

Protect Your Financial Assets From An Uncertain Future

At the Jersey City law offices of Llorens and Associates, P.C., we counsel clients on the preparation and execution of all types of trusts as effective means of planning for the orderly distribution of an estate and avoiding probate. We also offer comprehensive advice on all matters related to wills and other asset preservation strategies.

Contact us to schedule an appointment to discuss how a trust might be an important part of your asset preservation and estate plan.

We speak fluent
English ▪ Spanish ▪ Filipino

Trusts are not only for the wealthy.

Many people erroneously believe that trusts are only beneficial when they have a large estate. At the offices of Llorens and Associates, P.C., we understand that a trust may be the most beneficial way to structure your estate plan, regardless of your net worth. We will explain the benefits of a trust and compare and contrast the different estate planning tools, including wills, powers of attorney, and other strategies.

Among the trusts we can prepare for you are:

Revocable trusts: These trusts can be changed or revoked by the grantor at any time. Because you retain control of the money in the trust, it may still be considered part of the total value of your estate for tax purposes, upon your death.

Irrevocable trusts: An irrevocable trust cannot be changed or revoked by the grantor. You give up control of the assets to the trustee, who distributes the assets according to the terms you established.

Living trusts: In effect, you are both the grantor and the trustee. You retain control of the assets in the trust, and you set up a distribution plan for yourself as beneficiary.

Insurance Trust:  Allows you to exclude insurance proceeds from the value of your estate thereby decreasing tax liability.

Charitable Remainder Trust: Transfer assets to a charity and retain an income stream during your and your spouse’s lifetime

Spendthrift Trust:  Control when your trust beneficiary can use or spend the money from the trust

Children’s trust:  Allows income to be attributable to lower children’s tax brackets while leaving the use and control to more responsible parties.

Generation-skipping trusts: You can set up a trust for the benefits of your grandchildren upon your death.

Charitable lead trust: This allows you to set up a trust that generates income for the benefit of a designated nonprofit organization for a designated length of time.

Initial consultation fee is credited toward your legal fees.

Contact us at the Jersey City estate planning lawyer offices of Llorens and Associates, P.C.

Llorens and Associates, P.C.
309 Baldwin Avenue
Jersey City, NJ 07306
Phone: (201) 217-4300 Fax: (201) 795-4619

Estate planning and general practice law offices serving Hudson County and Bergen County, including Manhattan, greater metropolitan Jersey City, Bayonne, Hoboken, and northern New Jersey