helen slutman living trust who is the lawyer

What is a living trust attorney?

Living Trust Attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration. A living trust attorney can help you decide whether a living trust is the correct estate planning strategy for you, or whether an alternative may be better suited. Typically, a living trust is best suited for an individual or married couple of substantial assets. A living trust attorney may offer his or her services based on an hourly rate, or (and more typically), a living trust attorney will offer to create an estate plan for a person or married couple for one flat rate

What is an inter vivos trust?

A living trust, or “inter vivos trust,” is a trust that is created while a person is alive. The purpose of the trust is to hold property for the trustee for the benefit of a beneficiary – very much like a normal trust. A trust can be a valuable estate planning tool because it may allow the beneficiary to avoid certain types of taxes, ...

What is a living trust mill?

A living trust is a form of estate planning that allows you to control your assets (your money and property) while you are still alive, but have it distributed to people or organizations you select when you die.

What do you call a trust advisor?

A person might call themselves a “trust advisor,” or “senior estate planner, ” or “paralegal,” or some similar title, and they may claim to have educational credentials or “certification.” Insist on the person’s identification and a description of his or her qualifications, education, training, and expertise in estate planning. Ask them if they have any state bar or government accreditation, and if they say they do, then tell them that you will check with the state agency before making any decisions.

What is a living trust?

A Living Trust protects your loved ones from having to go to court for probate. Probate is the legal procedure used to transfer title of your assets to your heirs. The Superior Court supervises the payment of your debts, selling of your property and distribution of your assets to your heirs.

What happens if you don't have a living trust?

Without a Living Trust, the court would appoint a conservator to manage your property, require the payment of court costs, conservator fees and attorney fees while you are incapacitated . With a Living Trust, you choose someone you trust to step in for you as successor trustee and avoid those expensive conservatorship fees.

What is an A B trust?

A-B California Living Trusts preserves your Federal Tax exemption. Estate taxes are imposed when the net value of your estate exceeds the exemption. A married couple with an A-B California Living Trust can combine their exemptions and pass tax-free deduction to their beneficiaries! Since the Federal Tax is at 40%, the tax savings can be substantial. With an A-B Living Trust, your money will go to your choice of beneficiaries…not Uncle Sam. Also A-B California Living Trusts allow you to “lock-in” your beneficiaries and preserve your assets for them should you predecease your spouse.

What is the tax savings for A-B living trust?

Since the Federal Tax is at 40%, the tax savings can be substantial. With an A-B Living Trust, your money will go to your choice of beneficiaries…not Uncle Sam. Also A-B California Living Trusts allow you to “lock-in” your beneficiaries and preserve your assets for them should you predecease your spouse.

How does a living trust save taxes?

Saves Taxes: Income & Estate Tax. A Living Trust can help reduce taxes (Capital Gains, Estate and Income Tax). By transferring your community property out of joint tenancy and into a Living Trust, you can avoid the income tax of approximately 30% when it is sold after the death of your spouse/domestic partner.

What is a special needs trust?

A “ Special Needs Trust ”, gives you the opportunity to care for either physically or mentally challenged family members allowing them those comforts over what the state provides without interfering with their governmental benefits and protecting those assets from creditors.

Who is the wife of Firefighter Slutman?

Firefighter Slutman is survived by his wife, Shannon, and their three young daughters, McKenna, Kenley and Weslynn. The Tunnel to Towers Foundation paid off the Slutman family’s mortgage in September 2019.

How many uniforms did Slutman wear?

Slutman bravely wore two uniforms and committed his life to public service both as a New York City Firefighter and as a member of the United States Marine Corps. He was a 15-year veteran of the FDNY and worked for Ladder Companies 27 and 17 in the Bronx.