A trust, which is ordinarily used to transfer wealth to heirs or charitable organizations, is a fiduciary arrangement in which a trustee manages assets for the benefit of third parties.
Insurance products, such as life insurance policies, annuity contracts and disability policies, may be used to fund trusts after death. Flexible and customizable, trusts may be drafted to meet the specific intent of the individuals who created the trust and tailored towards the specific needs of trust beneficiaries. They may also be used to minimize estate taxes.
Trusts are a key element in a comprehensive estate and wealth transfer plan. Trusts are a primary vehicle used to direct how a person’s legacy is managed and distributed after death. Trusts may be established for minor children, the disabled or to place conditions on how an inheritance can be spent.
Our Trust Services Include:
- Will and Trust Review
- Business Valuations
- Fiduciary Return Preparation
- Estate Planning (Pre and Post-Mortem)
At DeFreitas & Minsky LLP, we are available to provide trust services tailored towards the specific needs of you and your beneficiaries. By combining our qualified accounting expertise with a commitment to personal service, we can help you make important decisions at an important time.
For more information beyond our trust services basics or to schedule an appointment, call DeFreitas & Minsky LLP at (516) 746-6322.
