Our firm will show how trusts can accomplish many family objectives. In addition to tax savings, trusts can protect future generations from their own inexperience in handling assets. A uniform gifts to minors act account will not provide your family with this same protection. Trusts may also be used as tools to protect individuals from the reach of frivolous lawsuits or to insulate assets from the reach of a former spouse in matrimonial actions. A trust may also designate individuals who will manage the assets of later generations.

Trusts may also protect and manage assets so as to provide funds for disabled individuals. A Special Needs trust may be utilized to provide for the needs of disabled individuals who receive entitlements such as Medicaid while not reducing these entitlements.