Trusts are powerful legal vehicles that can be formed to accomplish many goals. A trust can be used to protect assets. A revocable living trust can enable you to avoid probate. A special needs trust can be set up to provide for the care and support of a disabled person. Whatever the type and purpose of trust though, it must be properly established, funded, and administered.
Colucci, Colucci & Marcus, P.C., is a firm with extensive experience in trust and trust administration. We understand the many types of trusts available, their possibilities, and how to create trusts designed to achieve specific goals. In addition to setting up trusts, our firm offers a complete range of trust administration services.
For a consultation about trusts and what they can do, contact our firm.
A revocable living trust can serve as a substitute for a will. It can enable you to avoid the costs and time delays associated with estate administration, and allow you to pass a house to a loved one at fewer costs. It can also reduce the possibility of conflicts between family members after the death of the originator (grantor) of the trust.
An attorney at our firm can review your estate planning case and discuss whether a revocable living trust is right for you.
A Special Needs Trust can enable parents of disabled children to provide funds for the basic care of their child or funds to provide specific services. These vehicles are often used to provide supplemental care and services while enabling the beneficiary to retain eligibility for Medicaid and other government benefits.
Many people must face the possibility of going into a long-term care facility. Regrettably, paying for nursing home care can quickly exhaust a person’s life savings. With proper planning and the use of trusts, it is possible to protect your assets while still qualifying for Medicaid. A lawyer at our firm can review your case and discuss this possibility with you.
The trusts discussed above are some of the most commonly used trusts. Other trusts and legal vehicles exist which can accomplish other, specialized purposes. Colucci, Colucci & Marcus, P.C. can provide you with the information, advice, and services you need to accomplish your goals.
To learn more about trusts and how we could help you achieve your goals, contact our firm.