New York Trusts and Estates Lawyer

The proven New York trusts and estate lawyers at the Barton LLP law firm represent clients in a broad range of services from estate planning and estate administration to estate litigation. The New York trusts lawyers provide innovative personal and tax planning to clients as well as handle contested and non-contested probate and trust matters for executors, trustees and beneficiaries.

Contact a New York Trusts and Estates Attorney with
Experience Litigating Many Types of Incidents:

• Charitable Trusts and Foundations
• Decedents Estate
• Estate Bankruptcy
• Estate
• Estate Planning
• Family Trusts
• Living Trusts
• Powers of Attorney
• Retirement Planning
• Special Needs Trusts
• Trust Administration
• Trusts and Estates
• Unclaimed Property
• Wealth Planning

Experienced New York Trusts Attorney

Trusts are estate-planning tools that can replace or supplement wills; as well as help manage property during life. A trust manages the distribution of a person’s property by transferring its benefits and obligations to different people. There are many reasons to create a trust, making this property distribution technique a popular choice for many people when creating an estate plan.

The basics of trust creation are fairly simple. To create a trust, the property owner (called the “trustor,” “grantor,” or “settlor”) transfers legal ownership to a person or institution (called the “trustee”) to manage that property for the benefit of another person (called the “beneficiary”). The trustee often receives compensation for his or her management role. Trusts create a “fiduciary” relationship running from the trustee to the beneficiary, meaning that the trustee must act solely in the best interests of the beneficiary when dealing with the trust property. If a trustee does not live up to this duty, then the trustee is legally accountable to the beneficiary for any damage to his or her interests. The grantor may act as the trustee himself or herself, and retain ownership instead of transferring the property, but he or she still must act in a fiduciary capacity. A grantor may also name him or herself as one of the beneficiaries of the trust. In any trust arrangement, however, the trust cannot become effective until the grantor transfers the property to the trustee.

Trusted New York Estate Lawyer

The New York estate lawyers at Barton LLP law firm are distinguished by a history of successful trusts and estate claim recoveries and resolutions. For experienced representation in an estate dispute or for assistance with estate planning, contact a New York estate lawyer with the Barton LLP law firm in New York.