John Ciafone | Queens Scene

QueensScene What is a Discretionary Trust? A Trust is created by a Trustor to protect one’s assets and convey these assets to beneficiaries without the need for a Will. The person that runs the Trust, Trustee, makes decisions for the Trust and makes all distribu-tions to a child or other beneficiary. The Trust protects the beneficiary, usually a child, from most creditors, lawsuits and bankruptcies. Since the assets remain in the Trust, it protects from divorcing spouses and keeps future ex-spouses or new spouses (remarriage) from taking your child’s inheritance. “ON THE LAW” with JOHN J. CIAFONE, Esq. Attorney & Counselor at Law 25-59 Steinway St./Suite 2F, Astoria (718) 278-3900 SERVING THE NEEDS OF OUR COMMUNITY 24 HOURS/7 DAYS If you have any questions; please Call: John J. Ciafone, Esq. Question: Answer: <pagedata>29:0.067790404:0.922309041:0.943573236:0.0776909739</pagedata>