Living Trust: $3,000

WHAT IS A LIVING TRUST?

A living trust is a legal document created by you (the “Grantor”) during your lifetime in order to legalize your desires regarding your assets and dependents after your death.

TYPES OF TRUSTS

There are dozens of trusts, but the two major ones are the (1) Revocable Living Trust and the (2) Irrevocable Living Trust.

With the Revocable Living Trust, probate is avoided upon the Grantor’s death thereby saving thousands and often tens of thousands of dollars and months and months of time for the family of the deceased. The Revocable Living Trust can be amended or cancelled at any time.

An Irrevocable Living Trust provides the same protections against probate that a Revocable Living Trust does, but it also provides protection against Estate Taxes and Creditors (with exceptions).  However, as the name implies this trust is irrevocable (although in reality it is still revocable, but much harder to revoke or change).

LAST WILL V. TRUST

Both the Last Will & Living Trust specify how your assets are to be disposed after death, who the guardians of your children should be and who will inherit your pets. However, after an individual dies, his or her Last Will has to be “probated” before the assets can be divided as indicated in the Will.  This process is costly and time consuming.  It is not unheard of to spend over ten thousand dollars and six months probating a Will.  This means that your family will not have immediate access to your assets after your death.

The Living Trust, unlike a Last Will, is treated as a separate legal entity.  When the Trust is created, your assets are placed into the Trust.  After death, probate is NOT necessary, thereby saving your family time, money and stress.

HOW MUCH DOES A TRUST COST?

We charge $3,000 for a Living Trust.

WHAT IS AN ESTATE PLANNING PACKAGE

We charge $3,995 for an Estate Planning Package, which includes the following legal documents:

Brooklyn Office°

2620 E. 18th Street, Suite 2
Brooklyn, NY 11235
(718) 989-9629

Manhattan (Downtown)*

222 Broadway, 19th Floor
New York, NY 10001
(212) 365-0934

Nassau Office*

67 Cutter Mill Road
Great Neck, NY 11021
(516) 558-0045

Bronx Office*

2010 Williamsbridge Rd.
Bronx, NY 10461
(347) 923-3880

Queens Office*

3537 36th Street
Astoria, NY 11106
(718) 554-5652

Westchester Office*

199 Main Street, 4th Floor
White Plains, NY 10601
(914) 274-2045

Staten Island Office*

837 Father Capodanno Blvd
Staten Island, NY 10305
(718) 554-5687

Rockland – Orange – Putnam*

Rockland - Orange - Putnam
Please use Westchester Office
(914) 274-2045

Suffolk Office*

445 Broad Hollow Rd., Suite 25
Melville, NY 11747
(631) 306-0057

Manhattan (Harlem)*

8 W 126th Street
New York, NY 10027
(212) 365-0934

Office Disclaimer

° Principal Office
* By Appointment Only
(shared office space)

New Jersey Office*

50 US Highway 9 North 125
Morganville, NJ 07751
(732) 474-6410|