Law Offices
of
Adam Farber
Helping you Build, Protect and Rebuild your Future
Specialized Trusts
Tailored Planning for Unique Needs
While revocable and irrevocable trusts are the most common estate planning tools, there are many types of specialized trusts designed to address more complex or specific goals. These trusts allow you to customize how your assets are protected, distributed, and managed for the benefit of your loved ones or charitable causes. At the Law Offices of Adam Farber, we work with clients to create tailored trust strategies that go beyond the basics—because every family’s situation is unique.
Types of Specialized Trusts
Some of the most common specialized trusts include Special Needs Trusts, Charitable Remainder Trusts, Spendthrift Trusts, and Qualified Personal Residence Trusts (QPRTs). A Special Needs Trust allows you to provide for a disabled loved one without jeopardizing their eligibility for government benefits like Medicaid or SSI. A Charitable Remainder Trust can reduce your income taxes, support a charitable cause, and provide you with lifetime income. Spendthrift Trusts protect a beneficiary’s inheritance from creditors, divorce, or poor financial decisions, while QPRTs help preserve family homes and reduce estate taxes.
Advanced Asset Protection and Tax Planning
Specialized trusts are often used in high-value estates or when the stakes are particularly high—such as protecting business assets, funding education over time, or planning for multigenerational wealth transfer. These trusts can also be valuable tools in Medicaid planning, helping clients avoid spend-down requirements by legally moving assets out of their name in advance of long-term care needs. When properly drafted and funded, specialized trusts can offer powerful legal and tax advantages.
Custom Solutions for Complex Goals
Creating a specialized trust requires a deep understanding of both legal structures and your personal objectives. At the Law Offices of Adam Farber, we take the time to understand your family, your values, and your vision for the future. We’ll help you identify whether a specialized trust fits into your overall estate plan, and craft a customized solution that protects your assets and provides peace of mind—for you and the people who matter most.
Disclaimer
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and receipt or viewing does not constitute an attorney-client relationship.