A living trust (sometimes called an “inter vivos” or “revocable” trust) is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to designated beneficiaries at your death by your chosen representative, called a “successor trustee.”
Sometimes, special situations arise where a living trust may be necessary. Some basic examples include:
1. You have just purchased a life insurance policy, and you want to provide for how the proceeds are used to care for your family.
2. You are about to have a complex surgical procedure, and you want to make certain that your property transfers efficiently if the surgery is not successful.
3. You are getting older, and you cannot live in your home or handle the finances, and you do not have any children or close relatives that are in a position to manage the property.
A living trust can assist with all of these situations—and others like them—where unique life circumstances require them.
With more than 20 years of big city experience and small town service, the Law Office of Todd J. Krouner is well-equipped to handle most estate plans. A boutique law firm which prides itself on client service and commitment to excellence, our office provides a personal touch that can only be maintained by a small but dedicated staff. Our personal service is essential given that most people are not familiar with the judicial system and must rely on their lawyer to properly advise and represent them. We invite you to contact us at (914) 238-5800 or by e-mail at firstname.lastname@example.org.