New Jersey Trust Attorney Christine Matus

Because trusts can be used in many different types of asset protection situations in New Jersey, an experienced trust lawyer can offer different types of trusts to address the needs of their client.

Asset protection is not only for the elderly or the wealthy. For anyone with assets, estate planning, specifically creating a trust, ensures that those assets are managed and distributed in accordance with your wishes while also saving money, time, and probate headaches. In fact, the sooner you take steps to ensure the safety of those assets with a professionally crafted trust, the more peace of mind you can have going into the future.

At Matus Law Group, our law firm takes family legacy very seriously. For over two decades, our dedicated trust attorneys and estate planning professionals have provided legal advice to the residents of New Jersey regarding the preservation, protection, and transfer of those assets. One of the ways we do this is through the design and implementation of a trust. Depending on your unique needs, we create trusts to control inheritances, ensure privacy, protect assets from creditors, reduce estate taxes, and avoid probate. To make an appointment with a top rated New Jersey trust attorney Christine Matus, call now (732) 281 – 0060

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With over 20 years of experience, we are been New Jersey’s prominent estate planning lawyers.  Here to assist in the matters of estate planning, estate administration, probate matters, special needs planning, elder law and Medicaid planning, and more. Contact Matus Law Group, headed by a top-rated estate planning Attorney Christine Matus to schedule a consultation today.

A Trust is a Crucial Part of an Estate Plan in New Jersey

When you are estate planning with your attorney, a trust can be a powerful way to control your assets and protect your legacy. There are many types of trusts that are used for a variety of reasons in order to accomplish different goals, both during life and upon death. A trust will specify how your assets are divided and distributed while protecting them from probate, taxes, and creditors.
 
Unique family matters may be another consideration in the decision to create a trust. If you have a special needs family member, a trust can help ensure and manage their assets in order to preserve benefits for their ongoing care. A trust may be used in the case where family members may still be too young to receive an inheritance or not mature enough to manage those assets. These assets can then be managed and disbursed through your trustee. No matter what your specific needs, your New Jersey trust lawyer can create a trust that will ensure that your wishes are followed in the administration of your legacy.

 

What is a Trust?

When you create and fund a trust in New Jersey, your assets are transferred from your estate and into the trust. A trust is an estate planning device that allows you, the Grantor, to give a third party, the Trustee, access to hold and manage your assets for the benefit of your Beneficiary. This trustee can be a relative, a professional such as your attorney, a corporate fiduciary, or an otherwise trusted party. Your trustee will manage the assets and make disbursements to your beneficiaries in accordance with your wishes.

A trust has many advantages for both the grantor and the beneficiary and your trust attorney can discuss how one may help your particular situation. These are some common ways that people use trusts for their estate planning needs:

  • Assets can be preserved for your minor children should you pass away.
  • Assets and real estate can be passed to a beneficiary without going through probate
  • Personal and business assets can be managed by your trustee in accordance with the trust should you become incapacitated.
  • Assets can be managed by your trustee for the care and health care needs of a special needs dependent.
  • Rules and requirements can be established for beneficiaries in order for them to receive assets.
  • Assets and real estate can be passed without estate taxes or gift taxes.
  • Assets can be managed to protect your beneficiaries from poor judgment.
  • Assets can be protected from your beneficiaries’ creditors.
  • Assets can provide a structured income for a surviving spouse.
  • Your matters will be kept private from public record

Structuring a trust can be customized by your trust attorney for your unique needs while you are alive and set out specific goals for your trustee to carry out upon your death. You may fund a trust now, make periodic gifts to it over time, or wait to have it funded at your death.

The laws are different for each state so it is important to get the legal advice of an estate planning law firm that is experienced with New Jersey laws as they apply to trusts.

Because each situation and estate is unique, the experienced New Jersey trust attorneys at Matus Law Group work closely with each client in order to fully understand and provide legal advice with their issues, needs, and expectations in mind. Our clients rely on the skill of our experienced special needs attorneys to ascertain the relevant legal, financial, and tax implications to create a trust that will work in cooperation with those very unique needs.

Types of Trusts

Because trusts can be used in many different types of asset protection situations in New Jersey, an experienced trust lawyer can offer different types of trusts to address the needs of their client. These trusts can include

A revocable living trust is a separate entity that owns your assets and.allows you to maintain control of them during your lifetime. You have the ability to change or even dissolve the trust since it only becomes permanent once you die. You can name yourself as the trustee with a co-trustee or a successor trustee to manage if upon your death or if you can no longer manage it.

If you have a special needs dependent, you may leave them assets through a special needs trust that ensures that they will not lose their public assistance or government benefits. At the Matus Law Group, we are special needs lawyers who specialize in special needs trusts.

You can set up this irrevocable trust to benefit your spouse and to protect your assets. While this is an irrevocable trust and you have given up your control over these assets, your spouse has access as the beneficiary.

This trust is used to remove life insurance from your taxable estate

A marital disclaimer trust is one that has provisions set out in the will allowing a surviving spouse to put some of the assets of an estate into a trust (disclaiming ownership) which will then continue to benefit him or her without being part of their estate at death. 

This is an irrevocable trust designed to provide for education funds for the beneficiary.

Working With a Top New Jersey Trust Attorney Christine Matus

When you work with the experienced New Jersey trust attorneys at The Matus Law Group, you get a team of estate planning professionals who work diligently to ensure that your estate is safe for the future and that of your loved ones. With over two decades of experience, Christine Matus, Esq. and her law firm have served the needs of clients by creating, implementing, and administering trusts that offer peace of mind for clients and their loved ones. We look forward to discussing your needs and your wishes during a consultation (732) 281 0060.

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Attorney Christine Matus networks with some of the finest local real estate property appraisers in NJ. This rich network of contacts helps to ensure that you will get the best quality support when appealing taxes with the local county tax offices.

Call now to make an appointment to discuss your needs with top NJ real estate attorney Christine Matus.

We are here to help (732) 281-0060.