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Ruth Z. Plave has over 20 years of experience as a trusts and estates attorney. Prior to starting her own firm on Long Island, she was associated for over 18 years with Cleary Gottlieb Steen & Hamilton LLP, which is a large Wall Street law firm. M...
Practice areas & skills: Trusts, Probate, Estate Planning, Power Of Attorney, Wills & Living Wills
Review: “Mr. Reda represented my son in criminal proceeding in a felony assault case. Mr. Reda was very professional. He explained everything to us as clients, and with a great outcome for my son! I would truly recommend him as a ...
Practice areas & skills: Trusts, Criminal Defense, Litigation, Real Estate, Personal Injury
Claudio A. De Vellis is a partner and director of the Estate Planning, Asset Protection and Estate Administration Practice at Abrams, Fensterman, Fensterman, Eisman, Greenberg, Formato & Einiger, LLP. Mr. De Vellis concentrates his practice on es...
Practice areas & skills: Trusts, Tax, Estate Planning
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A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.