Hackensack Revocable and Irrevocable Living Trusts Law Firm
Also referred to as an inter vivos trust, a living trust is one that is created while you are still alive. There are many reasons that you might choose to create a living trust, including saving money on taxes or establishing asset management. The establishment of a trust also provides privacy not available in probate proceedings.
At the law firm of Kirsch Gartenberg Howard LLP, our Bergen County living trusts attorneys work with clients across northern New Jersey and New York City to create revocable and irrevocable living trusts designed specifically to meet their needs. Revocable living trusts allow for changes to be made and for the trust to be revoked if you so choose. Irrevocable living trusts are more restrictive.
Choosing the Right Living Trust
Revocable living trusts are more flexible and allow for probate to be avoided. New Jersey's probate process is very straightforward, however, so there is not a significant advantage to a revocable living trust other than the privacy provided. Irrevocable trusts can be useful for tax planning purposes. They can also be useful if you are remarried and want to ensure that your children from the first marriage are taken care of if you pass away before your spouse.
We know how confusing it can be trying to work through all of the options and scenarios that need to be considered in establishing a trust. We will take the time to understand your goals and explain the options that are available to you. We will walk you through the entire process, answer all of your questions and ensure that you have the information you need to create a trust that works for you.
Contact Us to Discuss Your Questions About Living Trusts
Contact our office today for help with living trusts. We offer an initial consultation at our offices in Hackensack or Manhattan for you to learn more about our services. You can reach us by phone at 201-820-0329 or toll free at 877-319-7488.
From our law offices in Hackensack and Manhattan, Kirsch Gartenberg Howard LLP has served individuals and businesses across northern New Jersey, including Bergen County, Essex County, Union County, Middlesex County and Passaic County, and the five boroughs of New York City since 1984.
