Estate Planning Attorney | New Jersey
Not wanting to get your affairs in order is normal. Who wants to talk about their death. Estate Planning is not just about death. Durable Powers of Attorney allow you to select a trusted agent to manage your finances and personal matters if you become disabled. Advance health care directives allow you to select an agent to make medical decisions for you if you no longer can make your own decisions. These two documents alone can prevent the need for a guardianship proceeding. These documents allow you to appoint a trusted person in your life so that untrustworthy people don’t step in to take over your affairs.
A Last Will and Testament allows you to name an executor to manage your estate without having to obtain a bond. Your Will allows you to name guardians for your minor children. No family fighting over who will be their guardians. Your Will can set up trusts for your children’s inheritances to avoid from being deposited in the Surrogate Court’s trust fund until the child attains 18 years of age. Trusts protect inheritances. Adult children have creditors or are in failing marriages. You want to protect your hard earned assets from ending up in the creditors account. Your Will or a living trust can create a spend thrift trust for your child.
Estate Planning involves reviewing joint bank accounts , the Deed to your real property and beneficiary designations on life insurance and retirement accounts. Changes may need to be made and you want to coordinate these assets with how your probate assets will be distributed by the terms of your Last Will and Testament.
Estate Planning is not simple. An Estate Planning Attorney will help you with issues that you may not even have known existed.