As seasoned estate planning and administration counsel, we have counseled clients through life’s ups and downs. As such, we cannot stress enough the importance of planning for the unexpected. However, many people believe that simply having a Will can legally address all unexpected issues…but it will not:
What a Will can and cannot do:
- A Will guarantees that all of my wishes will be carried out when I die – No
- A Will tells my loved ones how I feel about life support – No
- A Will covers my wishes while I am alive and disabled – No
- A Will avoids Probate – No
What should I do then instead of a Will?
– A Living Trust
What a Living Trust can do:
- A Trust guarantees that all of my wishes will be carried out when I die – Yes
- A Trust covers my wishes while I am alive and disabled – Yes
- A Trust avoids Probate – Yes
- A Trust avoids a Will contest and claims of “long lost” relatives – Yes
A Living Trust Estate Plan combines all the advantages of a Will and Power of Attorney. It eliminates court involvement at the time of death or disability and saves money on legal fees, Court costs and taxes for your family and loved ones.
A Living Will and Health Care Proxy will insure that your wishes concerning artificial life support are followed.
Let our team of legal and financial professionals work with you to determine exactly what you need to protect yourself, your family and your assets. Call 1-718-417-1700 for a FREE private consultation.