It is difficult to consider what will happen after you pass away someday. The discomfort that comes with confronting one’s own mortality is often what keeps people from making even the most basic plans for the future. Regardless of your reasons for avoiding this step, if you do not have a will, you are risking both your own interests and those of your loved ones. Creating a will is the first step in having a complete and thorough estate plan.
If you currently have no will or other estate planning documents, there is no time to lose in putting the right plans in place. Starting with creating a will, you can make decisions that will allow you to have the final say in what happens with your personal property and other matters in the future. A simple will can still be effective and provide the protection you and your family need.
You get to have the final say
A will is a legal document outlining your preferences for what you hope to happen with your personal property after you pass away. This allows you to have the final say over what happens to your assets and money, ensuring that the right things go to the right people. If you do not have a will, the state will decide what happens to your personal property. This can leave your loved ones in a difficult position, and it may prolong the time it takes to settle your estate. If you have a simple estate and relatively straightforward goals, a basic will is likely sufficient.
Your will should be custom-tailored to your individual objectives and priorities for the future. A basic will should include information identifying you, including address, date and signature. You must also state that you understand the decisions you are making. You will also name a specific person to act as the executor of your New Jersey estate, then you can include specific instructions for the handling of all of your assets.
Help with even a simple, basic will
A basic will is a foundation for a full legal and financial strategy that will protect your interests for years to come. You will benefit from having knowledgeable counsel as you make important decisions that could impact what happens to your property and the interests of your loved ones. With the right plans in place, you will be able to look to the future with confidence.