Making Sense of Estate Planning

Wills, trusts, estates… What’s what? And, more importantly, what do you need?

Here’s a quick rundown of legal estate planning terms. For more information, contact an estate planning lawyer in Dutchess County.

Will: A will is a legal document that includes your instructions for what you want to occur after your death.

Living Trust: A living trust is a partial substitute for a will. While you’re alive, your assets, including your home, property, bank accounts and stocks, are put into a trust. 

Estate Planning: Estate planning refers to the process of preparing for your future needs in the event that you’re unable to take care of yourself. Most people prefer to have an estate planning attorney working for them instead of trying to sort out all the technicalities on their own.

Get in touch if you need information about estate planning.