Stamford, Connecticut, Special Needs Trust Lawyer
Experienced Attorneys Handling All Your Estate Planning Needs
Estate planning for the protection of your assets and your family's privacy can be accomplished by the use of trusts. From transferring property and assets to a spouse and children to funding nursing home care, there are several options for revocable and irrevocable trusts that meet your estate planning needs.
Located in and served clients throughout the Stamford area for over 20 years, the law firm of Brandner & Ponzini provides sound legal advice and solutions to protect your assets from creditors and challenges, and to ensure your family's future well-being. To get started, contact a trusts attorney at our law office by phone at (203) 327-6913 | (203) 327-5609 or by sending an e-mail.
Understanding Trusts
A trust is a written agreement between the grantor creating the trust and a trustee (or grantee) that will manage and distribute the trust according to specific details in the document. Once established, assets may be transferred into the trust for the benefit of spouses, children, other family members, or entities defined as beneficiaries.
Trusts can be advantageous for estates of any size and individual need, including exclusion from the probate process to shelter assets from creditors, taxes and public scrutiny. Do-it-yourself, cookie cutter trusts are not personalized for your unique situation and cannot possibly cover every necessary detail. Our estate planning services provide creative trust strategies customized to meet your goals.
Free initial consultation: Fill out our online form or call (203) 327-6913 | (203) 327-5609
Revocable Trusts vs. Irrevocable Trusts
In general most trusts are "living trusts," as they are created by you during you lifetime. A revocable trust gives you (the grantor) the right to change or dissolve the trust while you are still alive and of sound mind. An irrevocable trust means you give up your right to alter or cancel the trust once it becomes effective. Unless specified otherwise, revocable trusts become irrevocable upon your death.
Types of Trusts
Brandner & Ponzini trust lawyers are knowledgeable and skilled in helping you determine which kind of trust will help you accomplish your asset preservation goals. Trusts we can help clients establish include:
- Special needs trusts - to keep you from jeopardizing your eligibility for government benefits such as Medicaid or Medicare, or to provide for a disabled child or other family member's care
- Charitable trusts - these are for the benefit of a charitable organization, common options include payments for fixed number of years, and provisions for remainder amounts
- Life insurance trusts - an irrevocable trust with life insurance on the grantor and proceeds payable at death; the assets in these trusts are exempt from estate taxes
- Other trusts - such as spendthrift trusts, generation-skipping trusts, marriage deduction trusts, testamentary trusts and more
For sound legal advice about creating trusts and exercising other estate planning options, contact Brandner & Ponzini in Stamford, Connecticut, to discuss your asset preservation goals.
