Protecting Your Assets And Property
When it comes to establishing trusts, you can rely on the team of attorneys at the law firm of Day, Pace, York & York. We have decades of estate planning experience and have assisted a myriad of clients with forming trusts for both real and personal property, assigning trustees and identifying benefactors.
Our estate planning services include drafting and revising all types of trusts, including:
- Revocable trusts
- Irrevocable trusts
- Charitable trusts
- Special needs trusts
- Spendthrift trusts
- Asset protection trusts
When creating your trust, we will ensure that your assets are protected and your wealth is preserved.
Creating The Right Trusts For You And Your Family
We will take the time to understand your circumstances, concerns and estate planning goals. When it comes to protecting your assets, we will help you determine what you need to protect, who needs to be involved and what you need to avoid. We focus on setting up trusts that will provide our clients the benefits of a will with the asset protection and tax advantages of a trust.
Special Needs Trusts
In the event that the drafter needs to leave inheritance or money in trust for a child with a developmental disability, he or she will need to have a special needs trust created. This format allows the trustee to supplemental medical and social security insurance, providing a higher quality of life.
Although it is understood that the money is intended for the child, there can be numerous events that can cause the money to be spent otherwise. The relative may die before the disabled child causing the money to go to their heirs, or losing the money to judgments, bankruptcy or divorce settlements. To help prevent these potential scenarios our attorneys can help draft a workable special needs trust.