Deutsch & Schneider LLP Helps You to Understand the Difference between a Will and A Living Trust
As seasoned estate planning and administration counsel, we have counseled clients through life's ups and downs. As such, we cannot stress the importance of planning for the unexpected.
Living Trusts
A Will is Not Always Enough
What a Will Cannot Do
What a Will and cannot do:
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A Will guarantees that all of my wishes will be carried out when I die - No
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A Will tells my loved ones how I feel about life support - No
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A Will covers my wishes while I am alive and disabled - No
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A Will avoids Probate - No
How will these items be covered?
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A Living Trust
What Can a Living Trust Do?
What a Living Trust can do:
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A Trust guarantees that all of my wishes will be carried out when I die - Yes
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A Trust covers my wishes while I am alive and disabled - Yes
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A Trust avoids Probate - Yes
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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. It saves money on legal fees, Court costs, and taxes for your family and loved ones.
A Living Will and Health Care Proxy will ensure that your wishes concerning artificial life support are followed.
Let our legal and financial professionals work with you to determine precisely what you need to protect yourself, your family, and your assets. Call 1-718-417-1700 for a FREE private consultation.
