Questions About Buying Local Property?

Transferring assets from a trust to the beneficiary can be a complicated legal process. It's often best to designate an estate planning lawyer as trust administrator, to make sure everything is handled the way you want.

Oftentimes, a trust is created for someone who can't manage their own finances. This includes:
 

• Children: Trust funds for minor children typically provide for the child's needs while growing up. The beneficiary may receive the remaining amount when they come of age.
• Disabled adults: Mentally disabled adults may be in the care of a guardian. To prevent conflicts of interests, a separate trust administrator often manages their trust fund.
• Animals: Pet trusts include the pet as property. While the pet is transferred to a caretaker, a trust administrator distributes the money for its care.

Call 845-516-4203 now to arrange for a free consultation with an estate planning lawyer in Rhinebeck & Poughkeepsie, NY.