Skyline View
Justia Lawyer Rating for Jules M. Haas
NYSBA - Badge
ABA - Badge
New York City Bar - Badge
Avvo - Badge

Revocable Trusts

What's the Difference Between Revocable Trusts & Wills?

We need Wills or Revocable Trusts. If we don't prepare and execute such documents, we may die “intestate.” That is, we leave no documentation to explain how our assets should be handled. Without a Will or Revocable Trust the disposition of our estate will be left up to our state’s laws.  These laws designate that a person's next of kin (distributees) are to receive the estate.  However, a person's next of kin may be difficult to determine or may include individuals that the decedent did not know or even want to receive an inheritance.  Long lost cousins and more distant relatives may benefit from such a lack of planning.  A New York City revocable trust lawyer can make sure that the appropriate documents are filed.

Wills and living Revocable Trusts enable us to provide for our beneficiaries and direct how our property will be distributed after we die. With living Revocable Trusts, we turn over some or all of our property to the trustee (that would be you or your spouse or a trusted friend) who will have full control of the property while you’re alive. With a Will, we keep our property in our own name while we are alive. Finally, living Revocable Trusts also let us spell out how we want our property managed if we become disabled during our lifetime. We can't do this with a Will.

One important advantage to a trust is that it can provide for lifetime management of property in the event the grantor or creator becomes incapacitated.  A revocable trust lawyer in New York City can explain how this works. Although the grantor can be the sole trustee when the trust begins, there should be provisions for an alternate trustee if the grantor is disabled or dies.  If the grantor can no longer act as trustee due to an accident or illness the alternate trustee can manage the trust property in order to protect it and to pay for the grantor's expenses such as rent, utilities and medical expenses.  If this type of advance directive is in existence, it may avoid having  to obtain a property management Guardian if the grantor becomes incapacitated.  In view of the great responsibility that a successor trustee may have, it is important to select these persons very carefully.  In most cases, grantors select  close relatives such as a spouse or children as successor trustees.  Also, the trust can provide that the grantor will resume his role as trustee if he recovers from this disability.  A successor trustee has fiduciary responsibilities and can be held accountable if he breaches his fiduciary duties.

A revocable trust attorney in New York City can assist with preparing documents such as a Will or Revocable Trust so that a person’s intentions are accurately spelled out.

Regardless of the size of an estate, most adults — young and old — and their families benefit greatly from having a well-prepared estate plan consisting of documents such as a: Last Will, Health Care Proxy, Power of Attorney and Living Will. I have many years of experience working with and advising clients in the creation and implementation of plans that effectively express the clients’ personal desires regarding the disposition and protection of assets while providing potential tax advantages and security for family and beneficiaries.

Please come in to my office for a free consultation with a New York City revocable trust attorney and meet with me to discuss your options. To contact my office located in Manhattan call (212) 355-2575.

Client Reviews
I am very grateful to Mr. Jules Martin Haas attorney of law in New York. I am from Buenos Aires Argentina. He managed with expertise a very difficult situation. of a complicate heritage from my aunt Anna Grodzka that lived and died a very long time ago in New York. I recommend him not only for his extraordinary knowledge but also for his kindness. Irma CW Peusner
I found Mr. Haas after being misguided by a former attorney. Mr. Jules Haas took our case which involved an estate/trust dispute. What initially seemed like an impossible and overwhelming legal fight was now in the hands of someone who had the integrity and legal expertise to win our case. Mr Haas' attention to detail and his expert knowledge base, skillfully and successfully guided us through an intricate legal process. I am very thankful and grateful to Mr. Jules Haas for representing our interest and ultimately winning. Bringing about a peace of mind we needed. Thank You Devida Nedd
I was in need of a guardianship attorney and I hired the services of Jules M. Haas' Law firm. The service of counselor Haas and his staff, was very profesional and the case was handled in a timely matter. I would strongly recommend his services Angel Guevara
I strongly recommend Jules Haas. I have worked with him for two years and he has provided so much support and followed through with everything he promised he would do. His support staff is just as helpful! We had an interesting case and he helped to solve each part of it legally and was very thorough. Thank you for everything you have done to finalize our families estate Robyn Stafford
Jules Haas helped me with managing the process in probate court for my father's estate through to its completion upon the sale of my father's house. He was knowledgeable, efficient, and effective in submitting documentation to the probate court, explaining procedures to me, and advising me as to the progress of my case. His support staff was also very helpful. He made what for me created so much anxiety into something manageable where I could see progress every step of the way. His fees were very reasonable. I am super grateful to him for all the help he has provided and strongly recommend his services. Diana Janer
I just completed an estate transaction where Jules Haas represented my client in an estate and he did a great job! He was very quick at responding to all matters throughout the sale process, he was detailed, he was knowledgeable and he was a pleasure to work with. I just recommended him to some new clients who are going through an estate matter and will continue to recommend him. Rodolfo Lucchese