Everyone has an estate. Your estate consists of everything you own at the time of your demise.
Knowing you have properly prepared and planned your estate will give you and your family peace of mind. Planning your estate is one of the most thoughtful and considerate things you can do for yourself and for those you love. Having an attorney who knows you, knows your family and knows your goals, dreams and aspirations is an extraordinary relief and benefit.
It is important to prepare and control how and to whom your estate will pass when you
die or should you become incapacitated. To ensure your wishes are carried out the way you want, you need to provide written instructions. This is estate planning—making a plan in advance and naming whom you want to receive after you die.
We work with our clients to accomplish their estate planning goals while minimizing the tax consequence.
We also work with our clients to minimize administrative uncertainties, court intervention, taxes, and unnecessary legal fees. When a crisis hits, your estate plan should enable your family to avoid unnecessary expenses.
Everyone needs to plan their estate.
Estate planning is not just the wealthy. Everyone needs to plan their estate, and if you don’t plan ahead New Jersey state will dictate how your estate will pass.
If you become disabled, a New Jersey court will name someone to act on your behalf and control how your assets are invested and used.
If you have a minor child, and both parents die without an estate plan, a court determines who will raise your child. Any inheritance directed to your minor child will be controlled by a court. Courts can’t just give an inheritance outright to a minor. At age 18, when most parents plan for their children to attend college, your child will gain complete and unprotected access to their inheritance.
Our clients prefer these matters be handled privately by their family, not by the courts.