Irrevocable Trust by Morgan Legal

Aug 23, 2019

40 likes | 45 Vues

Contact Address: 502 park Avenue New York, NY 10023 Phone: 212-547-8967 Website URL: http://www.morganlegalny.com/trusts/

IrrevocableTrust3

Télécharger la présentation

Irrevocable Trust by Morgan Legal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

Irrevocable Trust by Morgan Legal Contact Address: 502 park Avenue New York, NY 10023 Phone: 212-547-8967 Website URL: http://www.morganlegalny.com/trusts/ About Us Irrevocable TrustAccording to the terms of an agreement setting up an Irrevocable trust, it won’t be legally possible to change, alter, modify or revoke the trust once it has been created. Once property and other assets have been placed in an irrevocable trust, it is not possible for the trust maker or any other person to remove any assets from it. Survivorship life insurance can be held in an irrevocable trust. It is possible to use this type of life insurance for estate tax planning with large estates. A trust maker may want to discuss this with a tax professional. This type of insurance policy in an irrevocable trust could provide significant negative tax consequences. Choosing the right legal professionals for your needs can be very difficult. There are dozens of legal professionals out there, but not all are going to provide you with the service and care that you need regarding your case. When seeking professional help, you should not have to subject yourself to playing a guessing game where all you end up doing is taking your chances. To help you decide on a legal professional, there are a number of aspects that you need to look for. Related Searches Estate Planning Lawyer | Lawyer | Law Firm | Guardianship Law Attorney | Elder Law Attorney | Probate Lawyer | Will Preparation Lawyer | Asset Management And Protection | Estate Planning Lawyer | Irrevocable Trust | Living Will Lawyer | Trust Law Attorney | Last Will And Testament Lawyer
Nearby Locations Jersey City | Newark | Philadelphia | Baltimore | Boston 07030 | 07101 | 19019 | 21201 | 02101 Additional Details Hours: 24h Payment Accepted: cash, all credit cards, check Social Profiles https://twitter.com/IrrevocableTru1 https://www.pinterest.com/irrevocabletrustny/ GMB Listing https://goo.gl/maps/57TU5GKvd4Rz3FmcA MORGAN LEGAL GROUP

Irrevocable

Irrevocable. ( Adj ) Incapable of being changed or called back.

160 views • 1 slides

By Morgan

The Magic Shoes. By Morgan. One day a little boy named Joe Joe bought a pair of shoes. They were skateboard shoes. Then he went down to the old bridge and put them on. When he was opening the box he saw that it said “These shoes are magical and a bit dangerous!”.

260 views • 11 slides

What Is An Irrevocable Life Insurance Trust (ILIT)?

What Is An Irrevocable Life Insurance Trust (ILIT)?. A vehicle for owning life insurance policies in order to: Remove and avoid taxation of policy proceeds in the insured’s gross estate

898 views • 15 slides

Asset Management And Protection by Morgan Legal

Address: Manhasset, NY 11030 Phone: 516-277-0690 URL: www.morganlegalny.com/nyc-asset-protection-lawyer/who-needs-asset-protection Category: Lawyer Hours: 24h Payment: cash, all credit cards, check Description: Anyone who works in certain industries knows they must protect their career and accumulated earned income in some manner. However, many of these affected individuals do not realize that merely purchasing a professional indemnity insurance policy is not an effective plan. The type of coverage or scope of protection can vary with different personal situations, but the concept is the same across the various industries. In addition to insurance protection, it is also a sound business decision to establish a revocable living trust as well that can be used to shelter idle personal wealth. It is commonly understood that contemporary society is easily the most litigious business environment known throughout history. This condition requires all high-income earners to always evaluate their need for financial protection instruments that shield them when legal disputes arise. One thing is for certain in contemporary society. Legal conflicts happen on a regular basis, meaning that being prepared beforehand is always the best step for anyone who may be financially liable beyond maximum insurance coverage. One industry whose members are the target of a considerable number of legal actions is the healthcare industry, physicians and surgeons in particular. While it is a fact that medical professionals are still human and do make mistakes, it is also true that many claims brought forward are borderline at best. All professionals in the healthcare industry understand their need for errors and omission insurance protection, but this does not protect personal assets. The best option for asset protection is usually establishing a revocable living trust that transfers excess personal wealth under ownership of a separate financial entity. The only damages available in a legal action will then be limited to insurance policy protection. This is a legal step that should also be part of an overall estate management plan that could include other financial instruments as well. Keywords: Guardianship Law Attorney, Elder Law Attorney, Probate Lawyer, Will Preparation Lawyer, Asset Management And Protection, Estate Planning Lawyer, Irrevocable Trust, Living Will Lawyer, Trust Law Attorney, Last Will And Testament Lawyer, Great Neck, NY. social Link: https://www.facebook.com/pg/Asset-Management-And-Protection-1657169794352686/ https://twitter.com/AssetProtectio6 https://www.linkedin.com/in/morgan-legal-605649175/ https://www.google.com/maps/place/Asset Management And Protection by Morgan Legal/@40.9269052,-73.9331816,8z/data=!3m1!4b1!4m5!3m4!1s0x0:0x1fe9dc2fbea77c61!8m2!3d40.6890886!4d-73.947089

25 views • 2 slides

Asset Management And Protection by Morgan Legal

One industry whose members are the target of a considerable number of legal actions is the healthcare industry, physicians and surgeons in particular. While it is a fact that medical professionals are still human and do make mistakes, it is also true that many claims brought forward are borderline at best. All professionals in the healthcare industry understand their need for errors and omission insurance protection, but this does not protect personal assets.

13 views • 1 slides

Morgan Legal Will Preparation Lawyer

Our firm provides legal representation in all areas of immigration, consumer advocacy, debt collector harassment, corporate formations, business sales, bankruptcy, commercial litigation, as well as consumer and commercial real estate transactions. The Morgan Legal Group PC has represented individuals who have been harmed by the conduct of others as well as corporations. In New York City, wills are to be written by individuals of 18 years or more. The testator person writing the will must be of sound mind and must sign the will in the presence of two attesting witnesses. Other than a typed will the NYC acknowledges nuncupative (oral) wills which are made by armed forces members while undertaking their naval or military service. The armed force members may also make holographic wills which should strictly be in the testator’s handwriting. The Morgan Legal Group PC is experienced in the latest technological advances of trial preparation, and, the emphasis is on hands-on personal legal service unlike most other law firms whether large or small.

14 views • 1 slides

Morgan Legal Group P. C

Address: Manhasset, NY 11030 Phone: 844-339-9553 URL: www.morganlegalny.com Hours: 24h Peyment: cash, all credit cards, check Description: At the Morgan Legal Group PC, our focus is personalized attention for each of our clients. Our team of trained professionals can handle complex legal matters and take pride in providing personalized service. Unlike many large assembly-line law firms, the client gets to speak to an attorney whenever they have a question. Our team takes pride in promptly returning any and all phone-calls, emails and other inquiries from each of our clients on the same day or at the time the client requests. Our firm provides legal representation in all areas of immigration, consumer advocacy, debt collector harassment, corporate formations, business sales, bankruptcy, commercial litigation, as well as consumer and commercial real estate transactions. The Morgan Legal Group PC has represented individuals who have been harmed by the conduct of others as well as corporations. The Morgan Legal Group PC is experienced in the latest technological advances of trial preparation, and, the emphasis is on hands-on personal legal service unlike most other law firms whether large or small. Social link: https://web.facebook.com/pg/Morgan-Legal-Group-P-C-179442782711767/ https://twitter.com/GroupMorgan https://www.google.com/maps/place/Morgan Legal Group P. C/@40.744935,-73.875123,10z/data=!3m1!4b1!4m5!3m4!1s0x0:0x4fa9d3677d3b1cf8!8m2!3d40.7344429!4d-73.6000108?hl=en

40 views • 3 slides

Morgan Legal Will Preparation Lawyer

Address: Manhasset, NY 11030 Phone: 516-217-2709 Website: http://morganlegalny.com/nyc-estate-planning-lawyer/nyc-wills-lawyer Hours: 24h Payment: cash, all credit cards, check Description: Death is inevitable and can occur at any time. It is crucial for one to have a will to express your desire in distributing your properties. Dying intestate allows the court to distribute property according to the intestacy laws. A wills lawyer helps resolve issues that may arise from a decedent will. Social Links: https://twitter.com/willPreparatio https://www.facebook.com/pg/Will-Preparation-Lawyer-NY-315234692341721/ https://www.linkedin.com/in/morgan-legal-104462175/ https://www.google.com/maps/place/Morgan Legal Will Preparation Lawyer/@40.7451891,-73.7350163,11z/data=!3m1!4b1!4m5!3m4!1s0x0:0xc8cb1ab0cafb3ee2!8m2!3d40.7346131!4d-73.6003472

33 views • 2 slides

Asset Management And Protection by Morgan Legal

Anyone who works in certain industries knows they must protect their career and accumulated earned income in some manner. However, many of these affected individuals do not realize that merely purchasing a professional indemnity insurance policy is not an effective plan. The type of coverage or scope of protection can vary with different personal situations, but the concept is the same across the various industries. In addition to insurance protection, it is also a sound business decision to establish a revocable living trust as well that can be used to shelter idle personal wealth.

12 views • 1 slides

Irrevocable Living Trust

An irrevocable trust allows you to permanently and irrevocably transfer your assets during your lifetime. After you transfer these assets, you have relinquished all control and interest in these assets. Your beneficiaries would benefit at Uncle Samu2019s expense if you utilized an irrevocable trust to reduce your taxable estate before your death.

51 views • 4 slides

Irrevocable Trust

Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purposes. The following is the most common type of trusts: Irrevocable Trust u2013 Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as childrenu2019s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement).

119 views • 1 slides

Irrevocable Trust

Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purpose. The following are some of the most common types of trusts:Revocable Trust u2013 This is a trust that you can make changes to at any time, or even be revoked the trust entirely. It is used for testamentary planning to avoid or ease the process of probate. Irrevocable Trust u2013 Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as childrenu2019s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement)Special Needs Trust u2013 created to help provide care for chronically disabled individuals (children, parents, siblings). Can be created during lifetime or at death.Generation Skipping Trust u2013 If you want to pass money down to your grandchildren, or other heirs at least two generations away, this type of trust can help accomplish that goal while bringing significant tax savings.Charitable Trust u2013 You can leave an income stream to a specific charity in a trust and leave the remainder for your descendants (or the other way around) to take advantage of charitable income tax deductions or estate tax deductions.Business succession trust u2013 used to centralize control over family business or assets.

126 views • 1 slides

Asset Management And Protection by Morgan Legal

Address: 2899 Ocean Avenue, 2nd Floor, suite 3, Brooklyn, NY 11235 Phone: 718-489-9176 Website: http://www.morganlegalny.com/who-needs-asset-protection About US Anyone who works in certain industries knows they must protect their career and accumulated earned income in some manner. However, many of these affected individuals do not realize that merely purchasing a professional indemnity insurance policy is not an effective plan. The type of coverage or scope of protection can vary with different personal situations, but the concept is the same across the various industries. In addition to insurance protection, it is also a sound business decision to establish a revocable living trust as well that can be used to shelter idle personal wealth. It is commonly understood that contemporary society is easily the most litigious business environment known throughout history. This condition requires all high-income earners to always evaluate their need for financial protection instruments that shield them when legal disputes arise. One thing is for certain in contemporary society. Legal conflicts happen on a regular basis, meaning that being prepared beforehand is always the best step for anyone who may be financially liable beyond maximum insurance coverage. One industry whose members are the target of a considerable number of legal actions is the healthcare industry, physicians and surgeons in particular. While it is a fact that medical professionals are still human and do make mistakes, it is also true that many claims brought forward are borderline at best. All professionals in the healthcare industry understand their need for errors and omission insurance protection, but this does not protect personal assets. The best option for asset protection is usually establishing a revocable living trust that transfers excess personal wealth under ownership of a separate financial entity. The only damages available in a legal action will then be limited to insurance policy protection. This is a legal step that should also be part of an overall estate management plan that could include other financial instruments as well. Related Searches NYC Asset Protection Lawyer| NYC Elder Law Attorney| Estate planning lawyer| NYC Estate Planning Lawyer| Estate Planning Lawyer Brooklyn| Estate Planning Attorney Long Island| Estate Planning Lawyer NYC| NYC Wills and Trusts Lawyer Nearby Locations Flatlands| Midwood| Mapleton| Bensonhurst| Kensington 11234|11230|84664|11201|20895 Additional Details Hours: 24 hours Social Profiles https://www.facebook.com/Asset-Management-And-Protection-by-Morgan-Legal-108271657205087/ https://twitter.com/AssetBy https://www.pinterest.com/assetmanagementlocal/ https://www.instagram.com/assetmanagement3/ GMB Listing https://goo.gl/maps/iWtHa3iVqkpdBbBo6

45 views • 4 slides

Asset Management And Protection by Morgan Legal

39 views • 3 slides

Morgan Legal Group P. C

The United States offers many opportunities. Immigration has always played a vital role in the development of the U.S. culture and economy.

53 views • 4 slides

Morgan Legal Group P. C

At the Morgan Legal Group PC, our focus is personalized attention for each of our clients. Our team of trained professionals can handle complex legal matters and take pride in providing personalized service.

59 views • 5 slides

Morgan Legal Group P. C

Contact Address: 299 Broadway, 17th floor New York, NY 10007 Phone: 212-561-4299 Website URL: http://www.morganlegalny.com In New York City, wills are to be written by individuals of 18 years or more. The testator person writing the will must be of sound mind and must sign the will in the presence of two attesting witnesses. Other than a typed will the NYC acknowledges nuncupative (oral) wills which are made by armed forces members while undertaking their naval or military service. The armed force members may also make holographic wills which should strictly be in the testatoru2019s handwriting.Estate planning helps to eliminate any discrepancies or legal issues that may arise after the death of the testator. Even though it is not compulsory to have a will notarized in NYC, it is highly recommended for one to notarize it. This means it is u201cself-provingu201d and can make probate easy and fast. A will must be kept in a safe and easily accessible place. Upon the death of a testator, the will needs to be filed in the New York Surrogate Court and in the county where the decedent lived. The original last will is to be accompanied by a petition for letters testamentary. The executor or his attorney file probate and furnishes the court with information about heirs and beneficiaries. Heirs and beneficiaries need to be notified of the ongoing probate proceeding. A probate proves the validity of a will and in some cases, there is a will contest. Nearby Locations Manhattan | Bronx | Brooklyn | Queens | Newark 10004 | 10458 | 11201 | 11365 | 14513 Additional Details Hours: 24h Payment: cash, all credit cards, check Social Profiles https://www.facebook.com/Living-Will-Lawyer-1891553470897431 https://twitter.com/LivingLawyer https://www.pinterest.com/livingwilllawyer/ GMB Listing https://goo.gl/maps/XHq3FGacWVwSdAxs8

39 views • 3 slides

What Is A Tax Basis Irrevocable Trust?

What Is A Tax Basis Irrevocable Trust?. An irrevocable trust structured to achieve a step up in the income tax basis of property owned by either spouse on the death of either spouse

90 views • 8 slides

Asset Management And Protection by Morgan Legal

Address 2620 E 26th St Brooklyn, NY 11235 Phone 718-489-9176 Website http://morganlegalny.com/who-needs-asset-protection/ Category Estate planning attorney, Lawyer, Law Firm Hours 24h Payment methods cash, all credit cards, check Description Business owners and employers commonly amass significant wealth when their businesses are highly successful. The problem for these individuals is often protecting assets from business associates, employees, and government agencies that all could present a legal challenge over any particular issue. Once again, most employers are protected from most lawsuits stemming from workplace injuries, but that is not always the case when a plaintiff attorney can prove negligence in a court hearing. This possibility could also result in punitive damage awards in the wrong situation. Having your personal assets protected through a comprehensive estate plan can make personal assets unavailable for legal attachment when major financial liabilities could occur. There are few individuals in the contemporary economy with wealth that rivals entertainers and athletes. Even the minimum salaries required for an average professional athlete can create a need for a comprehensive estate plan. Most entertainers and athletes know very little about how to structure their assets in a manner that ensures unscrupulous actors cannot latch onto personal funds. The list of both who have lost fortunes due to bad advice and suggestion is extensive. Basic level risk management can work for some, but the truth is that solid protection is achieved with an overall plan that is structured against all outside entities with legal claims or business venture ideas. The key condition for sound asset protection is having your protection plan in place and validated before any legal problems happen. It is practically impossible to protect any asset if a lawsuit has already begun when the court has the authority to freeze those accounts. Assets protected under instruments such as living trusts can set those funds outside of potential court orders resulting from a lawsuit of any type. It is vital to always select an experienced estate planner like the legal professionals at Morgan Legal Group PC who understand the potential problems and how to insulate their clientsu2019 assets against legal claims. Keywords Guardianship Law Attorney, Elder Law Attorney, Probate Lawyer, Will Preparation Lawyer, Asset Management And Protection, Estate Planning Lawyer, Irrevocable Trust, Living Will Lawyer, Trust Law Attorney, Last Will And Testament Lawyer, Brooklyn, NY Social Links https://g.page/asset-management-protection-br?share

26 views • 2 slides

Irrevocable Trust

Contact Address: 838 6th Ave 5th floor suite 553b,New York,NY10001 Phone: 212-464-7348 Website: https://trustsandestate.com/

150 views • 4 slides

Irrevocable Trust

CONTACT Address: 838 6th Ave 5th floor, suite 553B New York NY 10001 Phone: 212-464-7348 Visit Our Website http://trustsandestate.com About US Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purpose. The following are some of the most common types of trusts: t Revocable Trust u2013 This is a trust that you can make changes to at any time, or even be revoked the trust entirely. It is used for testamentary planning to avoid or ease the process of probate. Irrevocable Trust u2013 Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as childrenu2019s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement) Special Needs Trust u2013 created to help provide care for chronically disabled individuals (children, parents, siblings). Can be created during lifetime or at death. Generation Skipping Trust u2013 If you want to pass money down to your grandchildren, or other heirs at least two generations away, this type of trust can help accomplish that goal while bringing significant tax savings. Charitable Trust u2013 You can leave an income stream to a specific charity in a trust and leave the remainder for your descendants (or the other way around) to take advantage of charitable income tax deductions or estate tax deductions. Business succession trust u2013 used to centralize control over family business or assets. Life insurance trust u2013 created to hold a policy on your life (or a policy on a life of another individual). This trust presents an effective way to give your heirs easy access to cash at you death to payfor your death taxes or to ensure available liquidity if you have a relatively illiquid estate and worry about a fire sale at death. Related Searches Probate | Probate Attorney | Probate Lawyer | Estate Planning | Estate Planning Lawyer | Estate Planning Attorney | Trusts and Estates | Trusts and Estates Lawyer | Trusts and Estates Attorney | Will Lawyer | Will Attorney | last will and testament lawyer | last will and testament attorney | wills and probate | retirement planning attorney | retirement planning lawyer | asset protection lawyer | asset protection attorney | wills and trusts attorney | wills and trusts lawyer | Elder law attorney | Elder law lawyer | special needs trust attorney | special needs trust lawyer | Medicaid trust | Living Trust | Irrevocable trust | Revocable Trust | Charitable Trust | New York City | Manhattan | New York | NY Additional Details Hours: 9 am - 9 pm every day Payment Accepted: All cc, cash Nearby Location Brooklyn | New Haven | Edison | Allentown | Manhattan 11211 | 06509 | 08837 | 18103 | 10004 GMB Listing https://goo.gl/maps/bFUN6FT3eBDGPHQ9A

154 views • 4 slides

Revocable vs Irrevocable Trust | Do You Need Flexibility In Your Trust?

This presentation compares the differences between a Revocable vs Irrevocable Trust to help you understand the best option for your unique situation.

169 views • 15 slides

More Related