Trusts Attorney in Monmouth County, New Jersey
Need Help with Trust Law Near Monmouth County, NJ?
A trust is one of the more complex forms of estate plans. It’s also not necessary for many estates. However, for some people, a trust is a necessary way to pass on their property after they die. For those in Monmouth County, NJ, Karlstein Law, P.C. is a reliable firm for trust services. Attorney Ira S. Karlstein has 54 years of experience practicing trust and living trust law in New Jersey and New York. Because of this, he’s helped hundreds of clients develop individualized trusts to serve their specific needs. His experience also gives him the foresight to anticipate a number of costly mistakes that could affect his clients’ trusts in the future. If you have any questions about whether you need a trust, call Karlstein Law, P.C. today to schedule an appointment. Karlstein Law, P.C. serves clients in these areas:
Monmouth County, NJ
Middlesex County, NJ
Old Bridge, NJ
East Brunswick, NJ
Ocean County, NJ
The Benefits of Hiring a Trust Attorney
Like a Will, a trust is a type of estate planning tool. When someone (called a grantor) forms a trust, they’ll transfer legal ownership of the property to the trust itself. The trustee, in turn, will administer the property, acting in accordance with the grantor’s instructions. A trust’s duration is infinite – it can continue to own property even after the grantor has died. Because of this, a trust is a useful legal tool for avoiding probate court and estate taxes.
For the state to view a trust as valid, a grantor needs to designate a few things:
Property – A description of all the property that the trust owns. The grantor will need to transfer actual ownership of the property. For some assets, this may include transferring title.
Beneficiaries – Anyone who will receive distributions from the trust. This can be the grantor’s friends, family, or even a pet.
Trustee – The person who will administer the trust. This can be a family member or friend. However, it’s often wise to choose an attorney as a trustee. They’ll already have the legal knowledge necessary to avoid costly mistakes.
If you have any questions about trust law, attorney Karlstein can help. Call Karlstein Law, P.C. today to schedule an appointment.
Do You Need a Living Trust Attorney?
Often, a grantor will draft a trust that goes into effect when they die. However, that’s not the only option available to someone who wants to form a trust. Instead, they can opt to form a so-called living trust. One advantage of forming a living trust is that the grantor can make changes to it while they’re still alive. They can also assess the trustee’s performance, and appoint a new one if necessary. After a grantor dies, a living trust will continue to function as a regular trust would.
Living trusts need to be flexible. Because of this, it’s important to hire an attorney who has experience in trust law. Choose Karlstein Law, P.C. to draft your trust. Call today to set an appointment.
Consult with A Compassionate
Trust Law Firm Today
It’s hard to match more than 50 years of experience in a certain area of law. With decades of real-world practice, attorney Karlstein is a reliable, approachable, and professional attorney who can help you draft a reliable, durable trust. When it’s your legacy on the line, you want to make sure that you’re not taking any chances. Don’t try to form your trust alone. Instead, pick a professional. Contact Karlstein Law, P.C. today and schedule your appointment.