Comprehensive Asset Protection, Tax Planning & Estate Planning Services in Cedarhurst

Building lasting wealth takes sacrifice and hard work over many years. But preserving that legacy for future generations and protecting it from potential creditors or liabilities? That’s an entirely different challenge – one that requires thoughtful planning and legal experience.
At Katz Law Firm, asset protection through specialized trusts is the cornerstone of what we do. Whether you’re an entrepreneur worried about financial exposure, a high net-worth individual concerned about estate taxes, or simply want to provide for your family’s long-term security, our New York trust attorneys design a comprehensive plan tailored to your specific situation and goals.
If preserving your wealth is a priority, don’t leave the future of your estate and business to chance. Contact our New York trust lawyers today and gain confidence knowing your life’s accomplishments are shielded for the long haul.

Why Trusts Are an Important Part of Estate Planning

Trusts are legal entities that allow you to transfer control of your assets to a trustee (yourself or a third party), who then manages and distributes those assets according to your specific instructions.

By incorporating trusts into your estate plan, you can:

Our New York estate planning attorneys at the Katz Law Firm can draft a trust document that meets your legacy goals and guarantees your trustee will fulfill your wishes as intended.

The Difference Between Trusts & Wills

While trusts and wills are both important estate planning tools, they serve different purposes and have distinct advantages.

A will is a legally binding document that outlines how you want your property and possessions divided after your death. It allows you to name beneficiaries for specific assets and appoint a guardian for minor children. However, a will only controls the disposition of probate assets – meaning any property owned solely in your name. It does not govern life insurance proceeds or retirement accounts, which transfer directly to named beneficiaries.

In contrast, a trust is designed to own and control the distribution of your assets both during and after your lifetime. Any property, accounts, or other holdings get legally transferred and re-titled to the trust, all dictated by the trust’s terms and managed by the assigned trustee. This allows assets in the trust to bypass the probate process entirely.

Trusts also provide additional benefits that wills cannot, such as:

For most people with substantial assets, having both a will and trust as complementary parts of their estate plan is recommended. The trust can hold and administer the core of your wealth as you’d like. At the same time, the will can act as a safety net for any remaining property by allocating it according to your wishes.

When it comes to creating a legally valid trust that accurately protects your assets and carries out your wishes in New York, there’s no room for error – you need professionals who live and breathe trust law.

When partnering with the Katz Law Firm for your trust needs, you’ll receive:

Leave Nothing to Chance – Consult a Specialized NY Trust Attorney

When your life’s work and your family’s future financial security are at stake, can you really afford to trust just any lawyer with your trust and estate plan? In New York, trust law is highly complex – one misstep can undermine your entire strategy.

That’s why you need a firm like ours, singularly focused on trust and estate planning. Our New York trust attorneys work with you to understand your goals, then custom-craft an airtight trust plan designed to preserve your wealth for generations while maximizing privacy and legal protections.

Whether you need asset protection trusts, special needs trusts, guidance for trustees, or trusted representation for any trust disputes, we’ve got you covered with experience that other generalists simply can’t match. Don’t roll the dice with your legacy. Lock it in with Katz Law Firm.

Contact us today to start developing your bulletproof estate planning strategy.