Wills & Estate Planning
Wills and Estate Planning are very important legal tools for an individual to plan, in advance, for the administration of his/her estate, and to direct his/her loved ones on how to proceed in the event of incapacitation. Having the proper legal documents prepared will not only ease the burden on the family, but will potentially save you a large amount of money by avoiding excessive taxation on your estate. The following is a list of some of the documents which you may want to execute to provide for your future.
Revocable Living Trust
A revocable living trust is a private written document that you set up which creates a legally recognizable entity (the trust) which will effectuate your intentions to distribute property to your named beneficiaries, as per your request. You name a guardian of the trust (trustee) and that individual's sole function is to carry out your precious wishes with regard to your trust.
Standard and Pour-Over Wills
A will is a written instrument that is a final declaration of your wishes for the disposition of your property upon your death. You can direct specifically how your bills are to be paid, and in the manner in which your property is distributed to your loved ones.
Durable Power of Attorney for Property
A power of attorney enables you to appoint someone to act on your behalf, in the event that you are away, unavailable, or become disabled. Very often this power concerns the authority to transfer or manage your property. The person appointed, your attorney-in-fact, can be authorized to act at any time, or can be restricted to such time as you become disabled.
Durable Power of Attorney for Healthcare
This power of attorney enables your attorney-in-fact to make medical decisions on your behalf if you cannot do so.
Living Wills (Directive to Physician)
New Jersey has enacted the New Jersey Advance Directives for Health Care Act which permits a competent adult to plan ahead for health care decisions by means of designating a health care representative, of your choice, to dictate what medical treatment you wish to accept or refuse in a given situation.
Will Contests
This firm may handle will contests in which the last will and testament of the Testator, the person executing the will, may be upheld as against the claims of third parties that the Testator had been allegedly improperly influenced in favor of one or more beneficiaries under the will.
Wills and Probates
This firm may be active in admitting to Probate and related procedures, Last Will and Testaments and related documents in New Jersey.
Trusts and Estates
This firm may be active in admitting to Trusts and Estates and related documents in New Jersey.