How Could a Family Trust Help Protect Your Estate in 2026
A family trust may be a key part of a smart estate and financial plan, especially for preserving and passing on wealth.
However, setting up a trust isn't one-size-fits-all. There are important choices to make:
Revocable or irrevocable?
Who serves as trustee?
How will it be funded and maintained over time?
Find the trust option that best suits your needs.
A trustee must be designated - yourself or someone else.
Decide which family members you want to potentially benefit from the trust and determine exactly what they may get.
From there, you'd create the trust agreement.
The trust must be funded by transferring assets to ownership of the trustee.
This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client.
For further information please contact me at www.kmckernanlaw.com kevin@kmckernan.com or 718-317-5007.