There are several important considerations that you should factor in to the process of putting together a will in New Jersey. Working with a knowledgeable estate planning attorney can help ensure that you are in compliance with all relevant state laws and regulations and that you have a document that is in line with your individual needs.
It is important to remember that you are eligible to change your will anytime that you want to. You can change what is listed in your will such as your beneficiaries or your assets. No one needs to know about your will if that is your wish to keep it private instead. This is because your will is not recorded until you pass away.
When you first set up a meeting with a New Jersey estate planning attorney to discuss your will, you do not need to bring an itemized statement of every single asset that you have. You do not also need to state the disposition of your individual property one item at a time.
Rather, if you have specific wishes associated with your property, make sure that you have listed that clearly so that your New Jersey estate planning attorney can clearly outline it in your final will. Bear in mind that the existence of a will does not impact your ability to dispose of or to sell property. You may continue with decisions associated with disposing or selling the property as if you had not created the will.
Begin the estate planning process by consulting with a New Jersey estate planning attorney and making a list of everything that you owe as well as everything that you own. This individual statement will give you a picture of where you stand financially. It will also give you the important first step towards understanding what real and personal property you can pass on.