Types of Trusts in New York - Trusts Explained

In this video, we break down the various types of trusts available in New York and explain how they work within estate planning. Trusts are essential tools for managing assets, protecting wealth, and ensuring your wishes are carried out. Whether you're looking to set up a trust for asset protection or planning your estate, understanding the different types of trusts can help you make the best decision for your future.

We'll cover everything from revocable and irrevocable trusts to living trusts and charitable trusts. You'll learn the differences between each type and their specific benefits, such as asset protection, avoiding probate, and preserving wealth for your beneficiaries. Estate planning can be complex, but with the right guidance, you can ensure that your assets are managed properly and in line with your goals.

Key Topics Covered:

Explanation of different types of trusts in New York
Revocable vs. irrevocable trusts
Living trusts and their benefits
Charitable trusts and how they work
How trusts can protect your assets and avoid probate
Trust and estate planning with a NYC probate attorney
Understanding how trusts fit into property and estate law
Whether you're just starting your estate planning journey or looking to enhance your existing plans, this video provides the insight you need to navigate trust law in New York.

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Types of Trusts in New York: Understanding Your Options

Considering setting up a trust to protect your assets or provide for your loved ones? In this video, NYC estate planning attorney Frank Bruno breaks down the different types of trusts available in New York and explains how each can help you achieve your financial and estate planning goals. Whether you’re looking to minimize estate taxes, avoid probate, or plan for long-term care, understanding the right trust for your situation is key.

What You’ll Learn:

The differences between revocable and irrevocable trusts
How a special needs trust can secure the future of a loved one with disabilities
The role of living trusts in avoiding probate
How asset protection trusts can shield your wealth from creditors
Why charitable trusts are ideal for giving back while reducing taxes
Planning with Medicaid asset protection trusts for long-term care
Trusts are not just for the wealthy—they are valuable tools for anyone looking to protect their family, control the distribution of assets, or plan for the future. This comprehensive guide will help you determine which trust might be best for you.

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Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long-Term Care Planning, Guardianship, Real Property Transfers, Probate

Frank Bruno, Jr. is an experienced estate planning attorney in NYC with expertise in trusts, elder law, and probate. Contact the Law Office of Frank Bruno, Jr. today at 718-418-5000 for personalized guidance on setting up the right trust for your needs.

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