Trusts Attorney –
Protecting Assets & Legacies in New Jersey
What Is a Trust and Why Use One?
A trust is a powerful estate planning tool that helps you protect assets, manage inheritances, avoid probate, and provide for loved ones under specific terms. The Law Offices of Gary Cornick helps New Jersey families create and administer trusts that match their unique needs—whether you want to safeguard property, support a family member with special needs, or ensure your wishes are followed over time.
Types of Trusts We Offer
- Revocable Living Trusts: Maintain control of your assets during your lifetime, and pass them directly to beneficiaries after death—avoiding probate.
- Irrevocable Trusts: Used for asset protection, Medicaid planning, and tax reduction strategies; once funded, they cannot be changed.
- Special Needs Trusts: Protect public benefits and provide lifelong support for loved ones with disabilities.
- Asset Protection Trusts: Shield property from creditors, lawsuits, or long-term care costs.
- Charitable Trusts: Support the causes you care about while gaining tax advantages.
- Pet Trusts: Ensure ongoing care and resources for your beloved pets.
- Testamentary Trusts: Created by your will and activated after death, often for minor children or unique family situations.
How Trusts Work in New Jersey
Trusts allow you to:
- Control how and when assets are distributed
- Protect family wealth from unnecessary taxes, court costs, or creditors
- Appoint a trustee to manage investments, distributions, and recordkeeping
- Provide for minors, family members with disabilities, or spendthrift beneficiaries
- Integrate with your will, power of attorney, and other estate planning documents
Trusts can be customized for nearly any goal—making them a flexible and effective part of your plan.
The Trust Creation Process
- Consultation: We review your goals, family situation, and assets.
- Trust Design: Our office recommends the right type of trust and customizes terms to fit your wishes.
- Drafting & Funding: We draft the trust documents and guide you through funding (transferring assets to the trust).
- Administration Guidance: We support trustees and beneficiaries with ongoing management, compliance, and updates as laws or needs change.
Questions We Hear Most Often
Do I need a trust if I already have a will?
Wills and trusts serve different purposes. A trust can help avoid probate, protect assets, or provide ongoing support for loved ones that a simple will cannot.
Are trusts just for the wealthy?
No—trusts benefit anyone who wants to avoid probate, protect vulnerable beneficiaries, or shield assets from risks.
Can I change or revoke my trust later?
Revocable living trusts can be changed at any time; irrevocable trusts usually cannot be changed after creation.
Who manages my trust?
You may serve as your own trustee or appoint someone else; after death or incapacity, a successor trustee takes over.
How do I fund a trust?
Assets must be retitled in the name of the trust—our office guides you through every step.
Local Expertise Matters – New Jersey Medicaid Planning
New Jersey’s Medicaid program (including Managed Long-Term Services and Supports, or MLTSS) comes with its own set of rules and updates. With decades of experience navigating these complexities, Gary Cornick’s firm brings the local insight families need for successful outcomes. We stay up to date on state changes so you can move forward with confidence, knowing your plan is built for NJ’s requirements.
Start Your Trust Planning Today
Protect your assets and care for those you love with a well-crafted trust. Contact The Law Offices of Gary Cornick to schedule a trusts consultation and explore your options with an experienced New Jersey attorney.
