Revocable trusts play key roles in many New Jersey estate plans. They allow the grantor to direct the distribution of assets in accordance with the trust's instructions without incurring the expenses associated with probate. Indeed, in most cases the trust operates outside of probate, so assets may be transferred more efficiently and with less hassle to heirs.
New Jersey residents interested in estate planning issues may wish to know why their current documents may be obsolete. Because circumstances and law are subject to change, the older documents may no longer have the effect that they once did.