Local New Jersey Law Firm Provides Estate Planning Solutions

By Dona Banegas


Most people plan for the immediate future but there are many things to consider when making long range plans. If you fail to provide for all the possibilities, you and your family could face disaster some day. You can depend on your New Jersey divorce lawyer to provide top quality estate planning service.

Many people fail to leave wills or final directives because they do not want to think about death. The truth is, death happens to everyone and whether you plan for it or not, it will occur. When you leave a legal will, you have control over what happens to your estate when you die.

Estate planning is much more than wills and funeral expenses. Suppose you were disabled and could not make your own legal and financial decisions. You have a right to choose who you grant power of attorney to, but you must make this decision beforehand.

Perhaps you want a close relative to have part of your estate, should something happen to you. If this person is reckless or irresponsible, they may spend all the money at once and that could be a real problem. Together, you and your lawyer can set up the right kind of trust fund, so that does not happen.

Your children are your most precious asset and they should be protected. People that would not think of letting their kids go hungry, often forget to plan their futures. If you want the kids to attend college, your planner can help you with the right college education program. A planner also draws up necessary legal documents to help you choose a potential guardian, in case of your death.

Many people have life insurance but it is not sufficient. A good estate planning attorney sits down with you and helps you figure out how much insurance you should have. Your attorney knows the differences between, term, whole life, and endowment type policies and will help you choose the best one for your needs. Also, you can visit your estate planner periodically for updates and changes.




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