Fratello Law

Trust Attorney in Central Islip, NY

Protect Your Family's Future Today

Create legally sound trusts that bypass probate and secure your legacy with our experienced Central Islip trust attorney.

Living Trust Creation Central Islip

Skip Probate, Save Time and Money

When you establish a properly funded living trust, your family avoids the lengthy and expensive probate process that can tie up assets for months or even years. Your beneficiaries receive their inheritance quickly and privately, without court intervention.

A revocable living trust gives you complete control over your assets during your lifetime while ensuring seamless transfer to your loved ones when you’re gone. You can modify or revoke the trust at any time, and you continue managing your assets as the trustee.

The peace of mind that comes with knowing your family won’t face bureaucratic delays or legal complications during an already difficult time is invaluable. Your assets transfer according to your exact wishes, not state intestacy laws.

Experienced Trust Lawyers Central Islip

Local Expertise You Can Trust

We have been serving Central Islip and Suffolk County families since 2012, helping them navigate the complexities of New York estate planning laws. We understand the unique challenges Long Island residents face, from high property values to complex family dynamics.

We know that trust planning isn’t just about legal documents—it’s about protecting what matters most to you. That’s why we take the time to understand your specific situation, your family’s needs, and your long-term goals.

Our approach combines legal expertise with genuine care for our clients. We offer flexible consultation options, including home visits when needed, because we believe quality legal counsel should be accessible when you need it most.

Trust Administration Process Central Islip

Simple Steps to Secure Your Legacy

First, we meet with you to discuss your assets, family situation, and goals. This initial consultation is always free, and we’ll explain how different types of trusts can benefit your specific circumstances.

Next, we draft your trust documents with precise language that reflects your wishes. We handle all the legal requirements to ensure your trust is valid and enforceable under New York law.

Finally, we guide you through the funding process—transferring your assets into the trust. This crucial step is what makes the trust effective. We help you retitle real estate, bank accounts, and other assets to ensure your trust actually works when your family needs it.

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Trust Types Available Central Islip

Customized Solutions for Every Family

Living trusts are the most popular choice for Central Islip families because they avoid probate while maintaining your control over assets. You serve as trustee during your lifetime, and your chosen successor takes over seamlessly if you become incapacitated or pass away.

Irrevocable trusts offer powerful tax benefits and asset protection, though you give up some control in exchange. These are particularly valuable for families with significant assets or those planning for Medicaid eligibility.

Special needs trusts protect disabled family members by preserving their government benefits while providing additional support. Asset protection trusts shield wealth from creditors and lawsuits—especially important for business owners and professionals in high-liability fields.

What's the difference between a will and a living trust in New York?

A will only takes effect after you die and must go through probate court, which can take months or years in New York. Your family faces delays, legal fees, and public records of your estate. A living trust takes effect immediately when you sign it. You can manage your assets during your lifetime, and when you pass away, your successor trustee distributes assets directly to beneficiaries without court involvement. The trust also provides protection if you become incapacitated. Your successor trustee can step in to manage your affairs without needing guardianship proceedings, which saves your family time and stress during an already difficult situation.
Trust creation costs vary based on your assets, family complexity, and specific needs. However, the investment is typically much less than what your family would pay in probate fees, court costs, and attorney fees without a trust. New York probate can cost 3-7% of your estate value, plus months of delays. A properly funded trust eliminates these costs entirely while providing immediate asset transfer to your beneficiaries. We provide transparent pricing during your free consultation. Most families find that the cost of creating a trust is minimal compared to the long-term savings and peace of mind it provides.
Yes, a revocable living trust can be modified or completely revoked at any time during your lifetime. This flexibility is one of the main advantages of choosing a living trust over other estate planning options. You might want to change beneficiaries, add or remove assets, or update trustee designations as your life circumstances change. These modifications are straightforward and don’t require court approval. However, changes must be made properly to ensure they’re legally valid. We help our clients update their trusts when needed, ensuring all modifications comply with New York law and reflect their current wishes.
An unfunded trust is essentially worthless—it’s just a legal document without any assets to manage. If you don’t transfer your assets into the trust, they’ll still go through probate when you die, defeating the main purpose of having a trust. Proper funding means retitling your real estate, bank accounts, investment accounts, and other assets in the name of your trust. This process must be done correctly to ensure the trust is effective. We guide our clients through the entire funding process and provide detailed instructions for transferring each type of asset. We also help you establish procedures for funding the trust with future assets you acquire.
Even if you’re married, a trust provides significant benefits beyond just asset transfer. If you become incapacitated, your spouse can manage trust assets without needing court-appointed guardianship, which is expensive and time-consuming. When your spouse eventually passes away, trust assets transfer directly to your children or other beneficiaries without probate. This is especially important if your spouse remarries or if there are children from previous relationships. A trust also provides privacy protection. Probate proceedings are public records, but trust distributions remain private. For families with significant assets or complex family dynamics, this privacy is invaluable.
The initial trust drafting typically takes 2-3 weeks after our consultation, depending on the complexity of your situation. However, the funding process—transferring assets into the trust—can take several additional weeks. Real estate transfers require new deeds, which must be recorded with Suffolk County. Financial accounts need new titles, and investment accounts require coordination with your financial advisors. Each institution has its own procedures and timelines. We work efficiently to complete your trust as quickly as possible while ensuring everything is done correctly. Most families have their fully funded trust completed within 4-6 weeks of our initial meeting.