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1129 Northern Boulevard, suite 404C , Manhasset, Near New York City, NY 11030 View On Map

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  • Monday 24 Hours
  • Tuesday 24 Hours
  • Wednesday 24 Hours
  • Thursday 24 Hours
  • Friday 24 Hours
  • Saturday 24 Hours
  • Sunday 24 Hours

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Products & Services - Trust Law Attorney Long Island

Guardianship Law Attorney

  • Lawyer

    A trust is a legal arrangement based on the administration of a trust creator’s property and assets by a third party. This third party will be a trustee and will work for the creator of the trust. How the trust is administered will be based on the governing legal agreement between the trust creator and the trustee. There will be a significant expectation of fiduciary duty to the trustee. A trust can be flexible as well as complicated. There are different types of trusts and each have their own individual advantages and disadvantages. The classification of a trust will be based on many different factors. One factor is the revocability of a trust. When the trust agreement retains the right of the trust maker with consent of a third party or unilaterally to revoke the trust and take back assets in the trust; it is a revocable trust. An irrevocable trust does not have such a stipulation in its agreement. This is a trust put in place during the lifetime of a trust maker and is designed

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