TRUSTS  
 
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Living Trusts:

A Living Trust is a trust that an individual creates during his or her lifetime to accomplish specific goals. These goals include avoiding the probate process, appointing Trustees who can manage the individual’s assets in the event disability...
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Irrevocable Trusts:

Creating Irrevocable Trusts is an important part of the estate planning process. There are many different kinds of trusts that solve different problems...

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Intentionally Defective Grantor Trusts:

An Intentionally Defective Grantor Trust(IDGT) is one that runs afoul of the Grantor Trust Rules under Sections 671 through 679 of the Internal Revenue Code. Any gifts to an IDGT are completed gifts for gift tax purposes. However, the gifts are incomplete or “defective” for income tax purposes...
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Irrevocable Life Insurance Trusts(ILIT):

For wealthy individuals, insurance can become an important part of the estate plan. Insurance can be used to help pay estate taxes without liquidating other assets. Life insurance is also purchased to provide for family members. Life insurance benefits are includable in a taxable estate if the insured is the owner of the policy or retains any material control over the policy...

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Grantor Retained Annuity Trusts (GRATs):

The turmoil in the markets is not necessarily all bad news. Certain estate planning vehicles have become particularly attractive in today's market because they outperform when interest rates are low and allow you to remove undervalued or appreciating assets from your estate...

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Qualified Personal Residence Trust:

A Qualified Personal Residence Trust (“QPRT”) places a residence in a trust for the benefit of one’s spouse and children. A QPRT is an appealing estate planning vehicle because it combines significant estate and gift tax savings with minimal lifestyle changes...

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Charitable Remainder Trusts (CRTs):

This trust allows individuals to benefit from the trust by receiving an annuity during their lifetimes...

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Creating Customized Estate Plans to Preserve Family Wealth.

The attorneys at the law firm of Maurice Kassimir & Associates, P.C., are committed to providing clients with efficient and comprehensive legal services to assist in the accumulation, preservation, and transfer of wealth.

This involves carefully listening to our clients in order to understand their goals and objectives, so that a customized plan can be created and tailored to their needs. Contact us about putting together your customized estate plan.

Since the law firm's inception in 1991, the lawyers at Maurice Kassimir & Associates, P.C. have helped hundreds of clients save millions of dollars in gift and estate taxes and to avoid the financial and emotional pitfalls of failing to plan. The firm's attorneys work closely with a client's existing attorneys, accountants, insurance agents, and other advisors to develop the optimum estate plan.

Staying Informed on Changes in Estate and Tax Laws and Keeping Clients Informed.

By focusing exclusively in the area of estate planning, Maurice Kassimir & Associates, P.C.'s attorneys are able to stay abreast of the latest developments in the law, and often anticipate new legal developments-to their client's advantage. The attorneys at Maurice Kassimir & Associates, P.C. have the sophistication to provide their clients with the most current estate planning opportunities. They develop a detailed knowledge of each of their clients' financial and family situations, and are able to recommend changes in planning in a timely fashion to preserve and maximize the family's wealth.

Some of the estate planning tools employed by the firm include wills; revocable trusts; charitable contributions; family and business entities including family limited partnerships, (FLPs), limited liability companies (LLCs), and other forms of closely held corporations, grantor trusts, life insurance trusts, assets, protection strategies, and other structures and plans to reach family objectives.

At Maurice Kassimir & Associates, P.C., our lawyers serve individuals, closely held businesses, private foundations, estates, trusts, and their beneficiaries in the New York Metropolitan area, including Nassau and Suffolk Counties on Long Island, northern New Jersey, southern Connecticut, and upstate New York, as far as Albany. A good many of the firm's clients spend their winters in Florida, in such communities as Miami, Ford Lauderdale, Palm Beach, and Boca Raton.

Contact the attorneys at Maurice Kassimir & Associates, P.C., for state-of-the-art estate planning designed to preserve your family's wealth and direct it to the persons you desire.

 
   
 
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