We'll Help You Make Sure Your Assets Are Distributed as You Wish
One of the most important ways you can make sure your family or favorite charity enjoys the benefits of your success now, and after your death, is by establishing an irrevocable trust.
Lyons & Supple offers set-up and administration services for a broad range of trusts. For more than three decades, our lawyers have been the legal professionals families throughout the Hudson River Valley region turn to for meeting their estate planning needs.
What Is an Irrevocable Trust?
When you establish an irrevocable trust, you will be locking up certain assets. In short, the property is no longer in your name, but you maintain control over how the principle of the fund is to be distributed in the future. The interest and other investment earnings increase the value of the trust fund, rather than your personal holdings. An irrevocable trust means that you are setting up the trust forever and cannot reclaim the funds. A trust is an excellent tool for placing assets out of the reach of creditors, government agencies, legal judgments and previous spouses, while ensuring that your legacy will support the people and organizations you care about most.
We will be pleased to talk to you about the advantages of all types of irrevocable trusts, including:
- Special needs trusts
- Charitable remainder trusts
- Life insurance trusts
- Credit shelter trusts
- Spendthrift trusts
In addition to irrevocable trusts, we can help you with a full range of services and legal tools to protect your family's financial future, including: