Trust Attorney New York
Trust Attorney in New York City
A trust helps protect your assets and ensures a smooth transfer to your loved ones while avoiding probate in New York City. At the Law Offices of Glenn Busch, P.C., we create living trusts, revocable living trusts, and special needs trusts tailored to your estate planning goals.
With over 25 years of experience, our team simplifies trust creation and administration, guiding clients through tax planning, asset protection, and estate distribution.
Why a Trust is Essential for Your Estate Plan
A well-structured estate plan provides clarity and security for your loved ones. Trusts play a crucial role in this process, offering a reliable way to manage and distribute your estate while minimizing estate tax liabilities.
Types of Trusts We Handle
Our law firm drafts a variety of trusts based on each client’s unique situation:
- Revocable Living Trust: Allows control of assets during your lifetime with the option to modify or cancel.
- Irrevocable Trust: Provides stronger asset protection and tax benefits but cannot be altered once established.
- Special Needs Trust: Ensures ongoing care for loved ones with disabilities.
- Charitable Trust: Supports philanthropic goals while offering tax benefits.
- Pet Trust: Ensures pets receive care after an owner’s passing.
The Role of a Trust Lawyer in Estate Planning
A trust lawyer helps navigate the complexities of New York estate law, ensuring all legal documents align with state requirements. An experienced attorney can help:
- Draft wills and trusts tailored to your financial and family circumstances.
- Establish a trustee to manage your assets responsibly.
- Reduce estate tax burdens through strategic planning.
- Guide beneficiaries through the probate process to minimize delays.
Key Benefits of Setting Up a Trust in New York
Protect Your Assets
Trusts create a legal barrier between assets and potential creditors, preserving wealth for your family.
Avoiding the Probate Process
A properly structured trust helps beneficiaries bypass the probate process, reducing delays and legal fees.
Estate Tax Planning
New York imposes estate taxes starting at $7.16 million, while the federal exemption is $13.99 million (2025). Trusts can minimize tax burdens through strategic planning.
Privacy & Control
Unlike wills, trusts keep financial details private and allow grantors to control how assets are distributed.
Our Trust and Estate Services
Trust Creation & Drafting
We ensure that every trust and legal document is legally sound, customized to your needs, and compliant with New York estate laws.
Trust Administration
We assist trustees with asset management, tax filings, and legal compliance to fulfill trust obligations effectively.
Power of Attorney and Wills
We draft powers of attorney and wills to protect your assets and ensure your wishes are followed.
Modifications & Disputes
For those needing trust updates due to life changes, we facilitate modifications and handle disputes through negotiation or litigation.
Why Choose Us?
With over 25 years of experience, Glenn Busch integrates expertise in estate planning, tax law, and real estate to craft well-rounded trust strategies. As a member of the New York State Bar Association and the Real Estate Board of New York, he remains at the forefront of legal developments.
Frequently Asked Questions
What is the difference between a trust and a will?
A will takes effect after death and must go through probate, whereas a trust becomes active as soon as it is created, allowing for a smoother transfer of assets and avoiding probate.
Who should consider setting up a trust?
Anyone who wants to protect their assets, avoid probate, reduce estate taxes, or set specific conditions for how their beneficiaries receive their inheritance should consider a trust.
Can a trust be changed once it is created?
Revocable trusts can be modified or revoked at any time, while irrevocable trusts generally cannot be changed once established.
What happens if I don’t have a trust or will?
Without a trust or will, New York intestacy laws will determine how your assets are distributed, which may not align with your wishes.
How does a trustee manage a trust?
A trustee is responsible for managing the assets in the trust, distributing them to beneficiaries according to the terms set by the trust creator, and ensuring legal and tax obligations are met.
Does a trust protect my assets from creditors?
Certain trusts, such as irrevocable trusts, can offer protection from creditors by legally separating your assets from personal ownership.
How do I get started with estate planning?
Schedule a free consultation with an experienced estate attorney to discuss your financial situation, family needs, and long-term goals. Click the button below to get started!
Contact Us for a Free Consultation
Ensure your estate is in good hands by consulting with a top-rated trust attorney in New York. Call us at (212) 398-2000 or visit our office at 419 Park Avenue South, New York, NY 10016 to discuss your estate planning needs.