Lifetime Asset Protection Trust Attorney in New York
Your assets represent a lifetime of hard work, dedication, and sacrifice. Yet, one unexpected lawsuit, creditor claim, or financial setback can put everything you’ve built at risk. A Lifetime Asset Protection Trust (LAPT) offers a powerful way to protect your wealth while allowing you to maintain access and control during your lifetime.
At The Law Office of Lizzette Muñiz, we help individuals and families across Brooklyn, Bronx, Queens, Manhattan, and the Hudson Valley design Lifetime Asset Protection Trusts that secure their financial future. Our mission is simple: to protect what you’ve earned so you can enjoy peace of mind knowing your assets and loved ones are safe.
Whether you own property, operate a business in the Bronx, or are planning your estate from your home in the Hudson Valley, our firm provides the knowledge and guidance you need to preserve your legacy.
Why You Need a Lifetime Asset Protection Trust in New York
In today’s world, even financially responsible individuals face risks from lawsuits and business liabilities to divorce or mounting medical costs. Traditional wills and revocable trusts often fall short in protecting assets during your lifetime.
A Lifetime Asset Protection Trust offers a solution. It’s designed to:
- Shield your wealth from creditors and lawsuits
- Preserve your children’s and grandchildren’s inheritances
- Protect assets from divorce or future financial hardship
- Reduce estate taxes and avoid probate
- Maintain privacy and long-term financial security
At The Law Office of Lizzette Muñiz, we take the time to understand your unique situation and build a trust structure that protects your assets under New York law.
We Help Clients Protect Assets Such As:
- Real estate, including primary residences and vacation homes
- Business interests and LLC ownership
- Investment portfolios and securities
- Retirement accounts and life insurance proceeds
- Family heirlooms and valuable personal property
Common Reasons to Create a Lifetime Asset Protection Trust
A Lifetime Asset Protection Trust can benefit:
- Professionals exposed to liability risks (doctors, business owners, landlords)
- Parents who want to protect their children’s inheritance
- Families with generational wealth seeking long-term protection
- Individuals concerned about long-term care costs or Medicaid planning
- Anyone seeking to keep assets private and out of public court records
How a Lifetime Asset Protection Trust Works
A Lifetime Asset Protection Trust is typically an irrevocable trust, meaning assets you transfer into it are no longer legally yours and therefore shielded from most lawsuits and creditor claims. However, when structured properly, you can:
- Receive income from trust assets
- Retain indirect control through a trusted trustee
- Ensure full protection for your beneficiaries
Our firm ensures your trust is crafted to balance control, flexibility, and maximum protection under New York’s complex trust and estate laws.
Key Benefits of a Lifetime Asset Protection Trust
- Protection from lawsuits, creditors, and financial threats
- Preservation of wealth for future generations
- Reduction or avoidance of estate taxes
- Elimination of the need for probate
- Continued access to income for your own needs
- Privacy trust assets are not part of the public record
We ensure that all your current and future financial goals are considered when designing your trust.
What to Do When Considering a Lifetime Asset Protection Trust in New York
- Assess your financial situation – Identify what assets you want to protect.
- Consult with an experienced attorney – The structure and timing of your trust are critical under New York law.
- Avoid transferring assets during a lawsuit – Transfers made after legal action begins may be challenged.
- Contact The Law Office of Lizzette Muñiz – Early planning ensures maximum protection and flexibility.
Understanding New York’s Asset Protection Laws
New York allows individuals to create certain types of irrevocable trusts for asset protection purposes, but strict rules govern how and when they can be funded. Our firm helps you navigate these laws to ensure your trust is legally sound and fully enforceable.
We help determine which trust structure best fits your needs and build a comprehensive plan that keeps your assets safe from future risk.
Types of Protection You May Achieve
- Lawsuit and creditor protection
- Divorce and marital asset protection
- Tax efficiency and estate reduction
- Business and professional liability insulation
- Long-term care and Medicaid planning benefits
Deadlines and Timing in Creating a Lifetime Asset Protection Trust
Timing is everything. Under New York law, a trust must be established and funded before any creditor claim, lawsuit, or financial threat arises to ensure full protection. The earlier you plan, the stronger your safeguards will be.
Don’t wait until it’s too late; let us help you put a solid plan in place today.
Serving Clients Across NYC and the Hudson Valley
We proudly serve clients in:
- Brooklyn
- Bronx
- Queens
- Manhattan
- Hudson Valley communities, including Yonkers, White Plains, Newburgh, and Poughkeepsie
Whether you’re protecting a family business in Queens or real estate in the Hudson Valley, The Law Office of Lizzette Muñiz is here to help you safeguard what you’ve worked for.
Why Choose The Law Office of Lizzette Muñiz
At The Law Office of Lizzette Muñiz, we bring extensive experience in New York trust and estate planning law, offering clients the confidence that their financial future is in capable hands. Our team has a deep understanding of local courts and state regulations, ensuring that every trust is structured and executed in full compliance with New York law. We provide customized strategies tailored to each client’s unique financial situation and family goals, recognizing that no two estates or protection needs are alike. Above all, we pride ourselves on delivering compassionate, responsive, and results-driven legal service — guiding you through every step of the process with clarity, care, and dedication.