Many people in New Jersey are under the impression that when they change their will, their assets will go to whoever is designated in the will. However, there are many assets that aren't governed by the will. If the beneficiaries of those assets aren't changed as well, the distribution of assets upon death will not be governed by the will, but by the beneficiary designation.
While many people may find the idea of planning for their untimely demise off putting, pre-planning can be very beneficial. Creating wills can better ensure that a person's wishes are carried out after their death, especially when it comes to the distribution of assets. When a will is not made, there can be much disagreement about who is entitled to what. It is also important to determine the authenticity of a will as there have been cases of wills that were forged in order for certain people to obtain certain property.