People make plenty of excuses in order to put off planning for their own mortality. Perhaps you think that you don’t have enough assets to warrant an estate plan or it’s simply too uncomfortable to think about no longer being around. However, estate planning has many important components whether or not you are planning ahead for incapacities during your life or what will happen to your assets after you pass away.
According to research, more than half of all Americans do not have a will. This is not just an inconvenience for your loved ones. In fact, it can present many unique challenges when you pass away, such as lack of clarity about what your intentions were and making things more difficult for your family as your assets go through the probate process. This can be easily avoided by consulting with an experienced estate planning attorney as soon as possible. You should never hesitate to reach out to a knowledgeable lawyer to handle all of the key aspects of putting together your estate planning.
A will is typically just one component of your estate planning but you may also need living documents such as a trust or powers of attorney to help name another agent to step in on your behalf if you become incapacitated. Do not hesitate to reach out to get the help you need from a knowledgeable estate planning lawyer in New Jersey today.