Mack & Pace Attorneys At Law
534 Cook Bldg, Main Street, Medina, New York        Phone: 585-798-1000

 



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TRUSTS

 A trust is an arrangement where property is transferred by a person called the “Trustor” or “Grantor” to a person called a “Trustee” to be held and administered by the Trustee for the benefit of another person or persons called a “Beneficiary” or “Beneficiaries”.

 Many of our clients find trusts to be an important component of their estate planning.

 A person can establish a trust in his or her will (called a “Testamentary Trust”) to take effect after his or her death.   Non-testamentary  trusts (called “Lifetime” or “Inter-vivos” Trusts) can be set up during one’s lifetime; such trusts can be set up to be either revocable or irrevocable by the Grantor.   

 Trusts can be established to accomplish purposes which are too numerous to be mentioned here, but include categories as spendthrift trusts, special needs trusts, income trusts, charitable trusts and educational trusts.

We have prepared many trusts, of various kinds for our clients to accomplish their unique needs and objectives, and we have the skills needed to meet any situation which our clients may fact in this area.

 Call us for a no cost appointment to review and discuss your situation. We’ll give you honest, individualized and straightforward advice about how you can achieve your objectives, and answer any questions you may have.

 

 

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