Professional Career
After being officially admitted to practice law in the state of New York, Helen quickly excelled and became supervising attorney of the matrimonial and family law department of a boutique general practice law firm representing both high net worth individuals and mid-to-low income households in the toughest courts of New York.
Early Education & Experience
Helen assisted families going through cases as an intern while attending university in Michigan.#N#Afterwards, while attending New York Law School, she personally assisted a successful and aggressive divorce and family law attorney with all meaningful stages of each case.#N#This includes:
Continuing Legal Education
Immediately after passing the bar exam, Helen achieved a legal master’s degree in family and matrimonial law from Hofstra School of Law, the only program of its kind in the eastern United States, and one of only three programs in the country.
Personal Life
Helen was raised in a family that immigrated to America from Russia. She is first generation American. She speaks Russian fluently and is very connected and active in the Russian community.
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Julia Kagan has written about personal finance for more than 25 years and for Investopedia since 2014. The former editor of Consumer Reports, she is an expert in credit and debt, retirement planning, home ownership, employment issues, and insurance. She is a graduate of Bryn Mawr College (A.B., history) and has an MFA in creative nonfiction ...
What are some examples of living trusts?
Some living trust examples are: Grantor-retained annuity trust (GRAT), spousal lifetime access trust (SLAT) and qualified personal residence trust ( QPRT) (all types of lifetime gifting trusts) By contrast, testamentary trusts are irrevocable by design as they are created after the death of their creator.
Why do you need an irrevocable trust?
The main reasons for setting up an irrevocable trust are for estate and tax considerations. The benefit of this type of trust for estate assets is that it removes all incidents of ownership, effectively removing the trust's assets from the grantor's taxable estate. It also relieves the grantor of the tax liability on the income the assets generate.
What are the assets of a trust?
The assets held in the trust can include — but are not limited to, a business — investment assets, cash, and life insurance policies. Setting up a trust of any type can be complicated enough that an attorney is necessary.
What is decanting in trust?
Provisions such as decanting, which allows a trust to be moved into a newer trust that has more modern or advantageous provisions can ensure that the trust assets will be managed effectively now and in the future .
Is an irrevocable trust a revocable trust?
An irrevocable trust is a more complex legal arrangement than a revocable trust. Because there could be current income tax and future estate tax implications when using an irrevocable trust, seek a tax or estate attorney's guidance.
What are the two types of irrevocable trusts?
Irrevocable Trust Types. Irrevocable trusts come in two forms: Living trusts and testamentary trusts . A living trust, also known as an 'inter vivos' (Latin for 'between the living') trust, is originated and funded by an individual during their lifetime. Some living trust examples are:
Recognition
- Top 40 under 40 Family Lawyers in the State of New York for 2016
- Top 10 under 40 from the National Academy of Family Law Attorneys (NAFLA)
Professional Career
- After being officially admitted to practice law in the state of New York, Helen quickly excelled and became supervising attorney of the matrimonial and family law department of a boutique general practice law firm representing both high net worth individuals and mid-to-low income households in the toughest courts of New York. During her time at the firm, Helen showed her p…
Early Education & Experience
- Helen assisted families going through cases as an intern while attending university in Michigan. Afterwards, while attending New York Law School, she personally assisted a successful and aggressive divorce and family law attorney with all meaningful stages of each case. This includes: 1. The appeals process 2. Pre-trial and trial 3. Settlement nego...
Continuing Legal Education
- Immediately after passing the bar exam, Helen achieved a legal master’s degree in family and matrimonial law from Hofstra School of Law, the only program of its kind in the eastern United States, and one of only three programs in the country. In order to achieve the advance degree, Helen did extensive research and delved into the sea of family and matrimonial law while becom…
Personal Life
- Helen was raised in a family that immigrated to America from Russia. She is first generation American. She speaks Russian fluently and is very connected and active in the Russian community. She is the mother to two young and extremely energetic boys, a foodie who loves living in one of the culinary capitals of world, an avid traveler, and is a reader of crime novels, aut…
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