Trusts
Trusts offer a powerful means of managing and protecting your assets, ensuring that they are distributed according to your wishes while providing various benefits during your lifetime. At UBFK Law, we specialize in Trusts and provide comprehensive guidance to individuals and families seeking to establish and manage trusts.
Trusts provide a powerful tool for managing and distributing assets while minimizing tax implications. Whether you require a revocable living trust, an irrevocable trust, or a special needs trust, we will guide you through the selection and establishment of the appropriate trust structure to meet your unique needs and goals.
Our Practice Areas:
Revocable Living Trusts:
- A revocable living trust allows you to maintain control over your assets during your lifetime while providing a smooth and efficient transfer of wealth upon your passing. Attorney Frackt will assist you in creating a revocable living trust tailored to your specific needs, ensuring your assets are protected, and your beneficiaries are provided for.
Irrevocable Trusts:
- Irrevocable trusts serve multiple purposes, including minimizing estate taxes, protecting assets from creditors, and preserving wealth for future generations. Shira Frackt, Esq. has extensive experience in establishing irrevocable trusts and will work closely with you to design a trust that achieves your goals and safeguards your assets.
Special Needs Trusts:
- For individuals with special needs, a special needs trust provides a mechanism to manage assets while preserving eligibility for government benefits. Shira Frackt, Esq. is well-versed in the complexities of special needs trusts and can guide you in creating a comprehensive plan to ensure the long-term care and financial security of your loved one with special needs.
Trust Administration:
- Administering a trust requires adherence to legal requirements, diligent management of assets, and clear communication with beneficiaries. We can provide comprehensive trust administration services, ensuring the smooth and efficient execution of the trust’s terms, distribution of assets, and compliance with legal obligations.
Contact UBFK Law today to schedule a consultation with our trust attorney, Shira Frackt, Esq. and take the first step toward securing your assets, protecting your loved ones, and achieving your long-term financial goals through effective trust planning and administration.