Dutchess County Wills and Trusts Law Firm
Have you ever thought about what will happen to your assets and property after you die? Will you need a power of attorney? We know that planning for post-death issues is not something most people are comfortable with. But creating a will or trust now can avoid problems later.
The attorneys at Dietz & Dietz, LLP in Poughkeepsie, New York, can craft the appropriate plan for your future. We can create the trust or will that will take care of your assets, or your loved ones. Contact us to schedule a consultation with one of our attorneys.
Living Will
Unlike a traditional will, a living will does not dispose of assets and property. It is an instrument that tells your doctor or medical caregiver that you do not wish to be kept alive by artificial means. It is a good idea to keep the original with your medical records. A health care directive is a similar instrument that designates an individual to make medical decisions on your behalf.
Will
A will disposes of your assets and property, as designated by you, after your death. It can designate who gets what and under what terms and conditions. You can disinherit individuals if you choose. Some people insert a "no contest" clause, which says that anyone who contests their gift under the instrument, their gift will be revoked. The will has to go through probate and may be supervised by the court.
Living Trust
A trust is an instrument that you create while alive. A revocable trust can be amended or altered, as opposed to an irrevocable trust. The creator of the trust (trustee) often receives the income from the trust while alive. Upon death, the income from the trust can continue for the benefit of someone you choose.
There are many options that you can choose to make a will or trust suit your situation. We will sit with you and design a plan that you are comfortable with. We want you to leave our offices knowing that your assets are taken care of after you die, and that your loved ones are looked after in your absence.
We are a full service estate planning and real estate law firm. Our lawyers are experienced in probate and inheritance law. We offer free initial consultations, but please contact us to discuss our fee arrangements. We also accept Visa and MasterCard. Contact us to schedule a free consultation.
