Review: “Joe Carafano did an outstanding job on my purchase of a house.He discovered that the basement was not on the certificate of occupancy & made sure the seller "legalized" it.This saved me from dealing with it ...
Practice areas & skills: Trusts, Criminal Defense, Business, Probate, Real Estate
Review: “Claire Meadow represented me at both my home closing and its refinance. She is the author of the New York State Bar Association Lawyers Deskbook chapter "Residential Real Estate Transactions", I have attended Co...
Practice areas & skills: Trusts, Insurance, Real Estate, Wills & Living Wills, Estate Planning
Review: “Catherine made me feel at ease and suggested a course of action and game plan that worked well for me. I was updated on all aspects of the proceeding on a regular bases and in the end was not overwelmed with added stress”
Practice areas & skills: Trusts, Family, Real Estate, Wills & Living Wills, Divorce & Separation
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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.