Trust lawyer Yana Feldman, a renowned figure in New York’s legal landscape, has recently published a comprehensive article on the importance of trusts in estate planning. The article, a rich reservoir of legal insights, offers a deep dive into the role of trusts in safeguarding assets and ensuring their proper management for beneficiaries’ benefits.
Trust lawyer Yana Feldman’s new article reveals the intricacies of different types of trusts, including those for minors, special needs trusts, marital trusts, revocable living trusts, irrevocable life insurance trusts, and spendthrift trusts. Each trust, according to Feldman, serves a unique purpose and can be tailored to meet individual needs and goals.
“Trusts can be invaluable tools in the estate plans of many individuals. There are many reasons for establishing trusts, including minimizing estate tax or providing for the needs of underage beneficiaries,” says Feldman, a trust lawyer with years of experience in New York’s trust law and estate planning laws.
New York Legacy Lawyers, the firm where Feldman practices, has a team of estate planning attorneys that assist clients in understanding the purpose of trusts in estate planning and helping them select the most suitable one for their specific needs. The team is well-versed in the administration of trusts, which Feldman emphasizes is a crucial aspect of estate planning.
“Trust administration involves executing the provisions of a deceased person’s Living trust or Revocable living trust, which can vary in difficulty depending on the trust’s terms. Given the complexity of administration, trustees should seek legal counsel,” advises Feldman, an experienced trust lawyer.
The article also discusses the different types of trusts available in New York, from irrevocable trusts for asset protection and Medicaid benefits to charitable trusts facilitating philanthropic gestures. This comprehensive analysis underscores the versatility of trusts and their potential to serve varying individual needs and circumstances.
Trust lawyer Yana Feldman urges individuals considering estate planning to consult with experienced attorneys to navigate the selection and creation of an appropriate trust. She emphasizes that each trust can be customized to serve a valuable purpose in accomplishing the wishes of those making gifts or planning an estate.
The New York Legacy Lawyers team, with Yana Feldman at the helm, can help individuals assess their finances and goals to determine the best options for preserving their legacy. The team stands ready to provide legal support for simple guidance or complex representation for intricate trusts and estates matters.
About New York Legacy Lawyers:
New York Legacy Lawyers is a Brooklyn-based law firm widely experienced in estate planning, trusts, and estate litigation. Led by trust lawyer Yana Feldman, the firm has a team of dedicated attorneys with years of experience dealing with estate tax, trust law, and estate planning laws in New York. The team at New York Legacy Lawyers is committed to helping clients safeguard their loved ones’ futures by providing comprehensive legal assistance in trust and estate planning. They assist clients in understanding the different types of trusts and selecting the best one for their needs, as well as offering guidance in trust administration and other critical estate planning matters.
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Email: yana@yanafeldmanlaw.com
Website: https://yanafeldmanlaw.com/
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Company Name: New York Legacy Lawyers by Yana Feldman & Associates PLLC
Contact Person: Yana Feldman
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Phone: (718) 713-8080
Address:132 32nd St, Brooklyn, NY 11232
City: Brooklyn
State: New York
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Website: https://yanafeldmanlaw.com/