Estate planning is a process of making many important choices about your future and your loved ones. It involves what happens to your assets when you’re alive or dead, whether you want to share your assets with your relatives, children or spouse, who takes over making such important decisions for you in cases of mental incapacity and eventually transfer of property ownership.
These plans can only be presented, documented and implemented in wills and testament, living trust, advance medical directives and lastly financial power of attorney also known as durable power of attorney.
Because of its seemingly complicated aspect, many people refrain from making an estate plan. There are many forms to fill, papers to make, and laws to follow, and some busy people hardly have time even to sit down and think about what happens to their estate and hard-earned life if sudden death, accident or tragedy occurs. Some are also afraid to talk of death itself, and refuse to prepare for it. However with the help of an estate lawyer in New Jersey, your estate plans would be made much easier.
Reasons why you need an estate planning lawyer.
There are several reasons while you need the Best estate planning Lawyer in Paramus, New Jersey.
One important reason is that our Paramus New Jersey estate planning lawyers are conversant with state laws over what should be added to an estate document. New Jersey State laws regulates the whole process of estate planning right from the documentation, to its implementation, summarily, the whole formalities of estate plans. A wrong inclusion could lead to probate, loss of properties, investment and even retirement benefits.
In addition, estate planning lawyer may help address complicated financial or family problems. Consider the following: you own and run one or more companies, you have minor children or you have no children, you have a disabled family member or you have one or more health problems, you are married, divorced or in a second marriage, you have one or more estate in various states, you have taxable properties, etc. You are definitely in one of these situations, therefore you need an appropriate estate plans.
Prepare for the future.
Preparing for the future over your financial and medical affairs will save you and your loved ones all the worry and troubles. Regardless of the financial or medical condition you’re in today, contact the best estate planning lawyer New Jersey to help you solve one of your life’s most important challenges preparing for the future, yours and your children.
Major Estate planning documents you need to consider.
Last Will and testament: a will based estate plan holds a detailed list of instructions as to how your property should be shared after you die. If you have minor children, it contains provision for appointing a guardian for your children.
Living trust: Trust are essential when planning your estate. Through trust, you can have anyone whom you solely desire manage and make financial decisions over your assets both while you are alive or dead as well as when you become mentally incapacitated.
Advance medical directive: Through an advance medical directive also known as a medical power of attorney, you get to designate a health agent to make medical decisions when you are unable to do so. This same document could be filed in court to should it be someone needs to be your guardian or conservator.
Financial power of attorney: through this, you can protect your finances and assets through the financial power of attorney. This document allows you delegate to the person your choice the ability to manage your assets and make important decisions should you become mentally incapable.
Contact our Best Estate planning lawyer New Jersey today.
An estate planning lawyer is pivotal to making well informed decisions that would definitely result into making solid estate plans.
Planning with our estate lawyer is the only way to ensure all appropriate formalities are with proper protocol. With this, you stand at better chances of achieving your goals of estate plans with its adequate execution. On the other hand, doing it yourself option may leave you and your loved ones to chances of revoked, invalid and void estate plan documents.
With the wellbeing of you and your loved ones at risk and safety of your assets in question, is preparing estate plans yourself worth the risk? Contact our Best estate planning lawyer Paramus, NJ today.
