November 2014 Archives

Advantages of trusts for New Jersey residents

A trust can be an effective tool for estate planning purposes. A revocable living trust is one of the most popular types of trusts as it gives the trust's creator flexibility to make changes if needed. Although they cannot be changed, an irrevocable trust may provide for asset protection from creditors. When creating a trust, an individual selects a trustee to oversee the trust. The trustee may be an individual or an entity, such as a bank.

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Lanza & Lanza LLP
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